Carrefour SA announces Third quarter 2007 sales

                                                         October 16th 2007



                           THIRD QUARTER 2007 SALES

Group sales + 5.5% on constant exchange rates, +5.8% on current exchange rates


- Progressively less deflation in France in a very competitive market

     -  Carrefour hypermarkets continued to grow market share in the Quarter
        thanks to our consistent and determined pricing strategy
     -  Food price deflation eased progressively over the period as a result of
        raw material price increases which have been passed on by suppliers
     -  Overall, sales growth was impacted by a strong negative calendar impact
        in the period   (-2%), the impact of a poor summer on apparel and other
        seasonal items, and our decision to stop selling petrol at a loss to our
        franchisees (-1.2%)

- Growth in Europe driven by robust performance in Spain

    -   Like for likes in Spanish hypermarkets were driven by strong performance
        in food and consumer electronics
    -   Our multi format, single brand, strategy in Spain, delivered close to
        double digit like for like sales in supermarkets, annualising double
        digit growth in 2006
    -   Major efforts are underway to remedy weak sales trends in Belgium and
        Italy

- Continued strong trends in Growth markets*

    -   Growth markets grew sales overall by around 30%
    -   We have successfully integrated new acquisitions in Brazil and Poland

- Further acceleration of new m2 to turn the virtuous circle faster

    -   12% more new space opened in Q3 2007 than in Q3 2006, of which 80% were
        opened in Growth markets
    -   Tactical acquisitions accounted for 3% to the total growth

- Confirmation of guidance for the year

    -   Sales growth on constant exchange rates faster than in 2006
    -   Activity Contribution will grow, but at a slower pace than sales



                                 THIRD QUARTER 2007                                     9 MONTHS 2007

                  Sales  Like Expan-sion  Total   Currencies Total     Sales  Like Expan-sion  Total   Currencies Total
                          for               Ex.                                for              Ex.
                         like           Currency                              like            Currency
                 (mEUR)   (%)     (%)      (%)        (%)     (%)     (mEUR)   (%)     (%)      (%)        (%)     (%)


FRANCE            10 404 -2.4    0.4       -2.0      0.0     -2.0     30 659  -0.9    0.8       -0.1      0.0     -0.1

EUROPE ex Fce     8 558  -0.5    4.7       4.2       0.9      5.1     24 695  0.9     4.8       5.7       0.2      5.9

LATIN AMERICA     2 605  12.3    37.0      49.3      3.5     52.8      6 754  9.7     23.4      33.1      -0.3    32.8

ASIA              1 542  3.6     13.0      16.6      -4.1    12.5      4 591  2.8     16.3      19.1      -5.3    13.8



TOTAL             23 109 -0.1    5.6       5.5       0.3      5.8     66 699  0.9     5.1       6.0       -0.3     5.7

TOTAL                                      6.4                                                  6.9
ex-petrol





* Activities outside France, Spain, Belgium and Italy


                                       FRANCE

                                   THIRD QUARTER 2007                             9 MONTHS 2007

                          Sales   Like for  Expansion    Total                 Like for  Expansion    Total
                                    like                               Sales      like
                        (mEUR)       (%)      (%)        (%)           (mEUR)   (%)       (%)        (%)

      FRANCE             10 404     -2.4       0.4       -2.0         30 659     -0.9       0.8       -0.1

   Hypermarkets           5 560     -1.5       0.8       -0.7         16 367      0.0       1.6        1.6

   Supermarkets           2 250     -0.3       -0.3      -0.6          6 697      0.4       1.1        1.5

   Hard discount           676      -2.8       4.0        1.2          2 107     -1.1       4.4        3.3

 Other activities         1 918     -7.1       -1.0      -8.1          5 488     -5.2       -2.4      -7.6



Sales in France fell by 2% in the quarter (-1% ex petrol) in a market
characterised by tough competition and signs that deflation is easing.

Like for like sales in French hypermarkets fell by 1.5% including petrol and by
1.6% ex petrol.



This takes into account three factors:

-  A negative calendar impact over the quarter of 2.0%.

-  The impact of bad summer weather - particularly in the month of July,
   which affected sales of apparel and other seasonal items.

-  The timing of our October anniversary promotion in our hypermarkets.
   This year the promotion began the 3rd October compared to the 25th September
   in 2006. This difference in timing had an impact of approximately -1.6% for
   non-food.

Customer traffic fell by 3.2%, mainly because of the calendar effect. Average
basket, on the other hand, increased by 1.7%.

Food like for like sales were down 0.8%. Dry grocery deflation eased
progressively from July to September to average -0.5% for the quarter. This
compares to food price deflation of 1.2% in the Second Quarter and 1.9% in the
First Quarter. Adjusted for the calendar effect, food volumes were positive.

Non-food like-for like sales fell 3.4% in the quarter. Adjusting for the
calendar effect, and the timing of the October promotion, sales trends were
positive, in line with those of the Second Quarter.

Customer reception of our new non-food model continues to be positive, with
remodelled stores again outperforming the chain average by 4 to 5%. At the end
of September, 22 stores had adopted this model.

Supermarket like for like sales were down 0.3% in the quarter (-0.6% ex-petrol).
Like for like sales were positive, adjusting for the calendar impact. This
performance is underpinned by an increase in average basket.

Sales in Hard discount increased 1.2% in the quarter (-2.8% on a like for like
basis). Convenience stores saw comparable sales decline by 2.1%.

The decline in sales of other activities continues to reflect our decision to
stop sales of unprofitable wholesale petrol to our franchisees (which led to a
32% decline in petrol sales equivalent to €125m), and the transfer of PromoCash
stores from our integrated to franchisee network.



                                  EUROPE (ex. France)

                                THIRD QUARTER 2007                                     9 MONTHS 2007

                  Sales  Like Expansion  Total   Currencies Total    Sales  Like Expansion  Total   Currencies  Total
                         for              Ex.                                for
                         like          Currency                             like             Ex.
                                                                                           Currency
                 (mEUR)   (%)    (%)      (%)        (%)     (%)      (mEUR)   (%)    (%)      (%)        (%)      (%)


EUROPE ex Fce     8 558  -0.5    4.7      4.2       0.9      5.1     24 695 0.9     4.8      5.7       0.2       5.9


 Spain Total      3 646  1.2     1.3      2.5       0.0      2.5     10 359 2.8     1.9      4.7       0.0       4.7
 Hypermarkets     2 411  0.9     1.7      2.6       0.0      2.6     6 785  2.3     2.5      4.8       0.0       4.8
 Supermarkets      190   9.6     2.0     11.6       0.0     11.6      509  16.6    -0.9      15.7      0.0      15.7
Hard discount      782   0.2     0.5      0.7       0.0      0.7     2 349  1.4     1.4      2.8       0.0       2.8
    Other          263   5.5    -5.1      0.4       0.0      0.4      716   7.0    -4.9      2.1       0.0       2.1
  activities

 Italy Total      1 704  -3.4    1.4      -2.0      0.0     -2.0     5 209  -1.9    2.9      1.0       0.0       1.0
 Hypermarkets      729   -3.6    2.3      -1.3      0.0     -1.3     2 168  -2.2    3.3      1.1       0.0       1.1
 Supermarkets      498   -2.7    0.9      -1.8      0.0     -1.8     1 578  -1.9    2.5      0.6       0.0       0.6
    Other          477   -3.7    0.3      -3.4      0.0     -3.4     1 463  -1.4    2.7      1.3       0.0       1.3
  activities

 Belgium Total    1 141  -5.1    0.7      -4.4      0.0     -4.4     3 490  -1.9    1.4      -0.5      0.0      -0.5
 Hypermarkets      568   -4.1    0.0      -4.1      0.0     -4.1     1 726  -1.6    0.0      -1.6      0.0      -1.6
 Supermarkets      245   -8.3    0.1      -8.2      0.0     -8.2      777   -3.2    0.0      -3.2      0.0      -3.2
    Other          328   -4.2    2.5      -1.7      0.0     -1.7      987   -1.2    5.0      3.8       0.0       3.8
  activities

Other Europe      2 067  2.6    18.3      20.9      4.4     25.3     5 637  2.5    15.1      17.6      1.2      18.8



Sales in Europe ex-France increased by 4.2% on constant exchange rates. Like for
like sales fell slightly, down 0.5%. Again, this takes into account a negative
calendar effect in the quarter of around 2%.

Spain recorded robust sales trends with like for like growth of 1.2%. Adjusting
for a negative calendar effect of 2%, this represented an acceleration of growth
versus the First Half.

Like for likes in Spanish hypermarkets were driven by a strong performance in
food and consumer electronics, which compensated for the adverse impact of the
poor summer weather on apparel and other seasonal items.

Carrefour Express again performed particularly well with like for likes up 9.6%,
annualising double digit like for like increases in 2006.

Sales fell in both Belgium and Italy by 4.4% and 2.0% respectively.

In Belgium, like for like sales were impacted by strong market share gains by
hard discount competitors. This was particularly the case for our supermarkets.
In Italy like for like sales trended in line with the First Half when adjusting
for the calendar effect.

In both these markets, we are taking radical action to remedy unacceptable sales
trends which involves divesting structurally loss making stores while
significantly upgrading the operation model through price investment,
remodelling and simplification of brands.

Greece, Turkey and Romania continued to perform well, with sales growth on
constant exchange rates of 7.6%, 14.8% and 36.0% respectively. Sales in Poland
grew by nearly 54%, boosted by three months' contribution from the integration
of Ahold Polska.



                                 LATIN AMERICA

                               THIRD QUARTER 2007                                    9 MONTHS 2007

                 Sales  Like Expansion  Total   Currencies Total    Sales  Like Expansion  Total   Currencies Total
                        for              Ex.                                for             Ex.
                        like           Currency                            like          Currency
                (mEUR)   (%)    (%)      (%)       (%)     (%)    (mEUR)  (%)    (%)      (%)      (%)       (%)


LATIN AMERICA    2 605  12.3   37.0      49.3      3.5     52.8     6 754  9.7    23.4      33.1      -0.3    32.8


Brazil Total     1 824  4.3    52.8      57.1      7.9     65.0     4 564  3.2    31.9      35.1      1.8     36.9
Argentina         530   36.8    4.7      41.5     -12.5    29.0     1 457  29.3    4.3      33.6     -11.5    22.1
Total
Colombia          251   5.6    14.9      20.5      12.8    33.3      733   7.1    17.3      24.4      6.7     31.1
Total



Sales in Latin America increased strongly, up 49.3% on constant exchange rates.

Like for like sales growth in the region accelerated versus the First Half.

Sales were driven by both strong organic and like for likes sales growth.


The consolidation of Atacadao in Brazil at the beginning of May 2007 contributed
around 28% to growth from the region.

In Brazil, total sales increased 57.1% on constant exchange rates, of which 4.3%
on a like for like basis. Hypermarkets grew like for like sales by 2,3%.

In Argentina all three formats collectively recorded like for like sales growth
of nearly 37%.

Colombia showed good growth with like for like sales up 5.6%. With new m(2)
accounting for nearly 15% growth, overall sales in the country on constant
exchange rates increased by 20.5%.



                                      ASIA

                                 THIRD QUARTER 2007                                    9 MONTHS 2007

                   Sales  Like  Expansion  Total   Currencies Total    Sales Like Expansion  Total   Currencies Total
                           for              Ex.                               for             Ex.
                          like            Currency                           like           Currency
                 (mEUR)    (%)    (%)       (%)       (%)    (%)       (mEUR)   (%)    (%)       (%)       (%)     (%)


   ASIA           1 542    3.6    13.0      16.6      -4.1    12.5     4 591  2.8   16.3      19.1      -5.3    13.8


China Total         723    9.6    16.3      25.9      -2.9    23.0     2 238  8.0   17.7      25.7      -4.3    21.4

Taiwan Total        384   -1.4     8.8      7.4       -8.1    -0.7     1 093 -3.7   16.2      12.5      -9.9     2.6

Indonesia           203    2.2    14.9      17.1     -10.0     7.1      568   2.2   20.5      22.7      -8.4    14.4
Total

Other               232   -2.8     9.7      6.9       5.6     12.5      692  -1.2    8.9      7.7       2.5     10.2
countries



Sales overall in Asia increased by 16.6% on constant exchange rates or 12.5% on
current exchange rates. Like for like sales in the region were up 3.6% (versus
1.6% in Q2) while new m(2) contributed growth of 13%.

As with Latin America, sales trends accelerated versus the First Half.

China recorded strong like for likes of 9.6%. Food sales were particularly
strong. New m(2) contributed 16.3% to total sales growth of 25.9%. 11 stores
have been opened in China so far this year.

Like for like sales trends in Taiwan continued to improve, with a decline of
1.4% versus -5.1% in the First Half. Like for like sales in food were positive.
There was less cannibalisation of existing stores than in previous quarters and
the trend in customer traffic improved as a result.

Indonesia grew like for like sales by 2.2% in line with the performance of the
First Half. Average basket and traffic were up, mainly driven by strong volumes
in food.

Sales in Thailand and Malaysia increased by 2.5% and 20.6% respectively at
constant exchange rates, driven primarily by expansion.



                                   EXPANSION

Overall, in Q3, we opened or acquired 385 new stores under banner accounting for
370,000 m(2) of new space.

In France, we opened 40,000 m(2), of which extensions of existing hypermarkets
accounted for 14,000 m(2), supermarkets 14,000 m(2), hard discount 10,000 m(2)
and convenience stores 2,000 m(2). 3 supermarkets, 9 hard discount stores and 6
convenience stores were opened or acquired in the period.

In Europe outside France, we opened or acquired 22 new hypermarkets, 211
supermarkets, 67 hard discount stores, and 24 convenience stores. In total, we
opened or acquired 267,000 additional m(2).

In Latin America, 4 hypermarkets, 2 supermarket and 20 hard discount stores were
opened or acquired in the quarter, accounting for 29,000 new m(2), while in Asia
5 hypermarkets and 7 hard discount stores were opened, representing an
additional 34,000 m(2).



-   NETWORK OF STORES UNDER BANNERS - Q3 2007
                                                                              Disposals/
                                       June 2007     Openings    Additions    Transfers   Sept 2007

HYPERMARKETS                             1 078          15           16           -1         1 108

France                                    218                                                 218
Europe ex Fce                             403           6            16           1           426
Latin America                             237           4                         -2          239
Asia                                      220           5                                     225

SUPERMARKETS                             2 458          27          189          -15         2 659
France                                   1 016          2            1            -3         1 016
Europe ex Fce                            1 314          23          188          -12         1 513
Latin America                             128           2                                     130

HARD DISCOUNT                            5 858         103                       -54         5 907
France                                    869           9                         1           879
Europe ex Fce                            4 069          67                       -46         4 090
Latin America                             651           20                        -6          665
Asia                                      269           7                         -3          273

CONVENIENCE STORES                       3 151          34         1 577*        -14         4 748
France                                   1 653          5          1577*          -6         3 229
Europe ex Fce                            1 498          24                        -8         1 514
Latin America                              0            5                                      5

CASH AND CARRY                            154                                                 154
France                                    134                                                 134
Europe ex Fce                              20                                                  20

TOTAL COUNTRIES                          12 699        179         1 782         -84         14 576
Total France                             3 890          16         1 578*         -8         5 476
Total Europe ex Fce                      7 304         120          204          -65         7 563
Total Americas                           1 016          31                        -8         1 039
Total Asia                                489           12                        -3          498



* including concession stores (Sherpa and Proxi) which account for 1,576 stores


Investor relations: Alessandra Girolami. Etienne Humbert  Tel : (33) 01  55 63 39 00
Shareholders information: C


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