Carrefour CARR.PA reported on Tuesday an increase in its annual turnover and expressed confidence for 2024, after having recorded a record cash flow of 1.62 billion euros in 2023 and an operating profit up 18.5% in France, its main market, in a context of high inflation.
These good results and robust cash flow allowed Carrefour to increase its dividend by 55%, or 0.87 euros per share, and to launch a new share buyback plan of 700 million euros.
The distributor reported a 9.8% increase in its current operating profit to 2.26 billion euros at constant exchange rates.
The group’s annual turnover stood at 94.13 billion euros, an increase of 10.4% on a comparable basis.
(Report by Dominique Vidalon; French version Lina Golovnya, edited by Sophie Louet)