(News Bulletin 247) – The Carrefour group publishes a turnover of 22 billion euros for the 1st quarter, up 12.3% on a comparable basis compared to the 1st quarter of 2022.
Still on a like-for-like basis (i.e. excluding petrol and calendar and at constant exchange rates), business grew by 7.1% in France (10.2 billion euros), +8.8% in Europe (6 MdsE) and 26% in Latin America (5.8 MdsE).
“In a context of very high food inflation in the majority of its markets, Carrefour is staying the course and maintaining a strong commercial momentum, with solid performances in terms of market share in all its key countries”, underlines Alexandre Bompard, Chairman -General director.
‘The first months of the year confirm the relevance of our major strategic pillars, with in particular a strong surge in sales of own-brand products, which benefit from excellent support from our customers’, he adds.
In this context, the Group confirms its financial objectives for 2023: growth in EBITDA, Current Operating Income and Net Free Cash Flow.
Finally, Carrefour specifies that it has initiated its share buyback program of 800 ME with 200 ME realized to date
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