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Q1 2021 sales inc . VAT April 21 , 2021 • • Q1 2021 sales : + 4.2 % LFL Strong growth , reflecting excellent momentum in France € 500m share buyback Solid growth , on an exceptional historical base linked to precautionary purchases о Like - for - like ( LFL ) sales growth of + 4.2 % in Q1 2021 , an average LFL increase of + 6.0 % over 2 years Continued growth in Spain ( + 1.7 % LFL ) Strong performance in Brazil ( + 11.6 % LFL ) in a deteriorated sanitary context Strong LFL growth in France ( + 3.5 % LFL ) , including in hypermarkets о New market share gain ( + 0.2pt in Q1 ) , with Carrefour outperforming in all channels ( 1 ) • • • Solid momentum in hypermarkets ( + 3.3 % LFL ) , growing each month of the quarter Accelerated rollout of food e - commerce , growing + 56 % in Q1 ( + 45 % in Q1 2020 ) Marked progression of growth drivers O ○ Continued expansion in growth formats ( +559 convenience stores ( 2 ) , +9 Atacadão , +20 Supeco ) Acquisition of Grupo BIG , highly value - creating Announcement of a € 500m share buyback in 2021 , in line with capital allocation policy Confirmation of the orientations and objectives of the Carrefour 2022 plan Alexandre Bompard , Chairman and Chief Executive Officer , declared : " Carrefour is showing sustained commercial momentum and posted a quarter of growth that is all the more remarkable given that it compares with the exceptional period of March 2020 , marked by the outbreak of the sanitary crisis . Our growth model , based on operational excellence , competitiveness and the power of our omnichannel offer , translates into market share gains in our main countries . This is notably the case in France , where we outperformed the market in all formats . Our confidence in the success of our transformation plan as well as in our ability to generate high cash flow is further strengthened . And in line with our capital allocation policy , we are seizing the opportunity offered by current market conditions to announce a share buyback . " FIRST - QUARTER 2021 KEY FIGURES Sales inc . LFL ( 3 ) VAT ( € m ) At current exchange rates France 9,162 + 3.5 % -1.4 % First - quarter 2021 Total variation At constant exchange rates -1.4 % Europe 5,465 -1.6 % -3.2 % -2.6 % Latin America ( pre - IAS 29 ) 3,281 + 15.7 % -15.4 % + 17.2 % Asia 655 -6.4 % + 4.3 % + 6.7 % Group ( pre - IAS 29 ) IAS 29 ( 4 ) 18,564 + 4.2 % -4.5 % + 2.2 % Group ( post - IAS 29 ) 13 18,577 Notes : ( 1 ) based on NielsenIQ RMS data ; ( 2 ) including Bio c'Bon , Wellcome and part of Supersol stores ; ( 3 ) excluding petrol and calendar effects and at constant exchange rates ; ( 4 ) hyperinflation and foreign exchange in Argentina PAGE 1