Solid Sales Growth at Carrefour

French retail giant announced sustained sales growth of 8.5% at constant exchange rates in its 1H 2008 results.

 The company said it was strongest first
half growth since 2005. This strong performance attests to the
relevance of multi format single brand strategy on an international
scale. The Group has robust fundamentals, with a business model
focused primarily on food, a balanced portfolio of formats, leading
positions in the countries where it operates, and a sound balance
sheet.
Company confirms 2008 objectives: sales growth at constant
exchange rates of 7%, growth in activity contribution broadly in line
with sales and an operating free cash flow of €1.5bn.