UPDATE 1-Carrefour says recovering Southern Europe boosts Q3 sales

viernes 16 de octubre de 2015 02:19 GYT

* Q3 group sales 21.54 bln euros vs f'cast 21.5 bln

* Spain, Italy accelerate, Brazil resilient, China weak

* CFO says "comfortable" with estimates for 2015 EBIT of 2.45 bln (Adds CFO comments from call)

By Dominique Vidalon

PARIS, Oct 16 (Reuters) - Carrefour, Europe's largest retailer, said on Friday sales accelerated in the third quarter, driven by a recovery in southern Europe, good momentum in its core French market and resilience in Brazil, despite a slowing economy.

Sales in China, however, still lagged amid weak consumption and Carrefour said it was pursuing its action plan in the country, which entails expanding in e-commerce and convenience stores and opening logistics centres to cut costs.

The world's second-largest retailer after Wal-Mart said third-quarter sales reached 21.54 billion euros ($25 billion), versus an average analysts' forecast of 21.5 billion.

Stripping out fuel and currency effects, revenue grew 4.2 percent, an acceleration from 2.6 percent in the second quarter.

"Europe has now become the group's growth engine. This excellent third quarter confirms the group's good momentum in the last three years," finance head Pierre-Jean Sivignon said.   Continuación...