Feb 19, 2025 / 05:15PM GMT
Alexandre Bompard - Carrefour SA - Chairman of the Board, Chief Executive Officer
Thank you. Good afternoon, everyone. Thank you for joining us for the presentation of our 2024 results.
In a nutshell, 2024 was a challenging year for Europe-run food retailers. Consumption was weak and markets were competitive. In this context, Carrefour decided to invest in its competitiveness and pursued its transformation at a high pace.
Overall, results show steady delivery. We see growth in recurring operating income at constant Forex, growth in EBITDA and the net free cash flow in line with expectations on multiyear trajectory. Those results are notably driven by the good performance of our three key countries: France, Brazil and Spain.
In the French market, affected by a decrease in consumption volumes, Carrefour France realized a remarkable year. 2024 marked our strongest investment in prices and led to our best price positioning since 2020. It has been well noticed by customers as reflected in a plus 5 points in French NPS and the market share growing in Q4 on the like-for-like basis,
Full Year 2024 Carrefour SA Earnings Call Transcript
Feb 19, 2025
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