January 14th, 2010
2009 and Q4 sales rise, driven by growth markets
2009 sales incl. VAT: €96.2 bn, +0.9% ex-petrol at constant exchange rates
Q4 2009 sales incl. VAT: €26 bn, +1.0 % ex-petrol at constant exchange rates
Well-executed « En Avant!» transformation plan yields first positive results
2009 objectives achieved

2009: sales growth in a difficult environment
France :
- Market share1 gains for the Group (+30bp for the first 11 months of 2009)
- Successful conversion of supermarkets to the Carrefour Market banner (+3.8% LfL ex-petrol)
- Hypermarket sales ex-petrol down 2.9%
- Promising results for convenience stores converted to the Carrefour and Dia banners
- Continued growth in sales of Carrefour-branded products (+10.3%), which represent 24.6 % of sales, driven by the roll-out of Carrefour Market and the Carrefour Discount range

G4 countries (excluding France) impacted by the economic environment and by deflation in Spain
Growth markets:
- Growth in China (+8.6% at constant exchange rates) in a deflationary environment
- Sustained growth in Brazil (+14.2% at constant exchange rates ex-petrol)

Q4 2009: slight improvement in sales in a persistently challenging environment
Continued market share gains in France
Improved performance in G4 countries vs. Q3
Growth of 14.1% at constant exchange rates in China, with a return of like-for-like growth (+3.1%)
Continued sustained growth in Brazil (+13.4% at constant exchange rates)

2009 objectives achieved:
Activity Contribution of around €2.775bn
Operating free cash flow of about €1.2 bn

Lars Olofsson, CEO and board member, declared:
"In spite of a very difficult environment, Carrefour posted higher sales both for the full year and in Q4 (excluding petrol and at constant exchange rates), driven notably by Brazil and China.
The market share gains registered notably in France attest to the good execution of our strategic initiatives, which aim at capitalizing on the attractiveness of the Carrefour brand and improving our price image. The resilience of our sales thanks to the intensification of our commercial dynamics, combined with our unprecedented efforts to reduce costs, allowed us to attain our objective for the year and post an Activity Contribution at the top end of the range we announced.
In 2010, with the support of a strengthened management team and organization, we will stay our strategic course and continue implementing our transformation plan to gain further market share and reach our ambition of becoming the preferred retailer."