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CA — Carrefour SA News Story

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Brief: Carrefour CEO: still expect some impact on business from this Saturday's protests

BRIEF-Carrefour CEO: still expect some impact on business from this Saturday's protests

- Carrefour SA CARR.PA:

  • CARREFOUR CEO: MANY OF OUR STORES WERE LOOTED, THE DAMAGE IS CONSIDERABLE

  • CARREFOUR CEO: WE ARE HELPING AFFECTED STORES RESUME OPERATIONS AS SOON AS IT IS SAFE

  • CARREFOUR CEO: IMPOSSIBLE TO GET A CLEAR PICTURE OF THE SITUATION, WITH NEW PROTESTS PLANNED FOR OCTOBER 24 AND NOVEMBER 5

  • CARREFOUR CFO: WE EXPECT SOCIAL AND SECURITY SITUATION IN FRANCE TO WEIGH SIGNIFICANTLY ON CONSUMPTION AND DISRUPT OPERATIONS IN OUR STORES THROUGH THE END OF THE YEAR

  • CARREFOUR CFO : ESTIMATE MAXIMUM FINANCIAL IMPACT OF UNREST IS AROUND 200 MILLION EUROS OF RECURRING OPERATING INCOME

  • CARREFOUR CEO: I HOPE SECURITY WILL BE BETTER FOR THIS SATURDAY'S PROTESTS, BUT STILL EXPECT OUR ACTIVITIES TO BE IMPACTED

Further company coverage: CARR.PA


(Reporting by Helen Reid;
Editing by Sudip Kar-Gupta)

((sudip.kargupta@thomsonreuters.com;))

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