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Carrefour picks up the first fruits of its transformation


The distributor posted a net profit of 1.3 billion in 2019. It is increasing its savings target.

Carrefour returns to profit, two years after the presentation of the group's transformation plan. The distributor published a net profit of 1.3 billion euros on Thursday, after a loss of 582 million euros in 2018. " The Carrefour 2022 plan produces solid results , and puts the group on a profitable growth trajectory " , says Alexandre Bompard. This net profit benefited from the sale of Carrefour China to the Chinese Sunning. The operation, 80% complete in September, brought in 620 million euros.

Carrefour sales accelerated across the group (+ 3.1% compared to + 1.8% in 2018) but continued to decline in France. A choice partly assumed: the reduction in the surface area of ​​hypermarkets, considered for some too large, and the sacrifice of products that no longer appealed to customers at Carrefour, such as jewelry, weighed mechanically on turnover.

Read also: Sanctioned by Bercy, Carrefour will turn against five suppliers

Carrefour, on the other hand, increased its profitability: current operating income increased by

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Source: lefigaro

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