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Carrefour's trimestrial turnover on 10th April

According to Nomura analysts, the turnover of the world's number 2 large-scale retailer is estimated to reach €20.6 billion in the first trimester (a 0.5% rise based on published figures). But the broker expects internal growth (excluding petrol and calendar effect) to have slowed down in Spain and Brazil compared to 2013's 4th trimester.

In France, Carrefour's main market (46% of sales), it should stabilise around 2%.

Le Revenu advises to buy Carrefour's share with a €33 price target.