The French supermarket group Carrefour confirmed the recovery in its operating performance in 2014 while its net profit fell slightly; no longer enjoying gains on disposals. In 2012 and 2013, Carrefour saw its net profit rise sharply due to the sales of several activities abroad, as part of its geographical refocusing on its most promising markets. In 2014,net profit of Carrefour fell 1.5% to 1.24 billion Euros, due to non-recurring income and expenses increased by 3.44%.
Sultan Alhokair said that when adjusted for these special items, such as transmissions of assets related to the creation in April of Carmila land, adjusted net profit was up 11.9% to € 1.04 billion, and that of continuing operations climbed 24.6% to 1.18 billion Euros. The most anticipated by the markets indicator, i.e. current operating income (ROC), the distributor sees its performance increase by 6.7% (+ 10.8% at constant exchange rates) to 2.38 billion Euros, in line with forecasts of analysts. It is noteworthy that the Carrefour produced its operational progression for “second year” after rising 5.3% in 2013. “Carrefour in 2014 confirms the growth dynamics (…) that the action plans implemented over two years to bear fruit and that Carrefour has sustainably improved its fundamentals,” said Pierre-Jean Sivignon, Director Financial, during a press conference.