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The Covid-19 boosted Carrefour's turnover

2021-02-18T09:49:32.119Z


This Thursday, the group published the results for its year 2020. With a turnover up sharply by 7.8%, boosted by a year con


The Carrefour group, which is one of the businesses that have not been forced to close by successive confinements, seems to have taken advantage of this particular year due to the Covid-19 epidemic.

This Thursday, he published his results for the year 2020. We thus discover that he recorded an increase of 7.8% of its global turnover compared to 2019. Its best performance for 20 years, according to the press release .

A turnover of more than 78 billion euros

In detail, France experienced an increase of 3.6%.

In our country, it was the small convenience stores that experienced the greatest increase in their results (+ 9.8%), ahead of supermarkets (+ 6.8%) and hypermarkets (+ 1%).

A sign, perhaps, that consumers have preferred small stores to be less faced with a risk of infection with Covid-19.

The increase is 7.1% in Spain and 18.2% in Brazil.

A colossal savings plan

Unsurprisingly, in a movement observed at the national level, food e-commerce, with the success of the drive thanks to the Covid, is growing by 70%.

Likewise for the organic sector, Carrefour posted sales growth of + 18% in 2020. However, the leader in mass distribution in France recorded a sharp decline in its net income to 641 million euros, i.e. 43% decrease compared to 2019.

The @GroupeCarrefour has reached a milestone.

After 3 years of transformation, our growth model ensures the dynamism of our sales and the profitability of the Group on a lasting basis.

Our 2020 results are proof of this ⤵️ pic.twitter.com/qwrUtD8ShG

- Alexandre Bompard (@bompard) February 18, 2021

Another indicator unveiled by the distribution giant, customer satisfaction.

It would have increased by 12% in 2020. Alexandre Bompard, Chairman and CEO, welcomed these results and said he was confident for the future.

“2020 has been a year of commitment for Carrefour.

That of our teams, mobilized at the service of our customers, who have successfully met immense health, logistical and human challenges.

Today, this model ensures the dynamism of our sales and the profitability of our Group on a long-term basis, and allows us to free up significant financing capacities to pursue our development, ”he wrote in a press release.

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Why Bruno Le Maire says no to the takeover of Carrefour

The CEO who had also announced, in 2018, a vast transformation plan which has already reached three billion euros in savings.

It should extend until 2023. This plan has already led to the elimination of 2,400 positions at the group's headquarters out of 10,500 employees via a voluntary departure plan.

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The year of the group was also marked by the failed takeover by the Canadian supermarket chain Couche-Tard, stopped by the Ministry of the Economy.

Source: leparis

All business articles on 2021-02-18

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