(AOF) – Carrefour posted adjusted net income, group share, an improvement of 7.6% to 1.659 billion euros for its 2023 annual financial year. Its current operating income stood at 2.26 billion euros, in decline of 4.7% compared to the previous year, with a current operating margin of 2.7% compared to 2.9% previously. The French distribution giant recorded a turnover growth of 10.4% on a comparable basis, to 94.13 billion euros. Net free cash flow amounted to 1.62 billion euros compared to 1.26 billion.
In 2024, the group will continue the implementation of the Carrefour 2026 plan and the transformation of its model and should benefit from more favorable market conditions in Europe, with slowed inflation and a restoration of consumer purchasing power.
The year 2023 was also marked by several acquisitions, notably in France (takeover of 31 ex-Casino stores) and in Spain (47 supermarkets and convenience stores from the El Corte Inglès group).
The group announced a 55% increase in the dividend to 0.87 euros per share (or 600 million euros) compared to 0.56 euros last year as well as a new share buyback program for 700 million euros. euros in 2024.
Carrefour will publish its revenue for the first quarter of 2024 on April 24.
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