Half Year 2025 Carrefour SA Earnings Call Transcript

Jul 24, 2025 / 04:15 PM GMT

Release Date Price: €12.28 (-0.16%)

Transcript

Key Points

Positve

Carrefour (CRERF) reported a 20% increase in recurring operating income in France, driven by improved market conditions and strategic initiatives.
The company gained market share in France, Spain, and Brazil, indicating strong competitive positioning.
Carrefour (CRERF) achieved €610 million in cost savings and is on track to meet its €1.2 billion target for the full year.
E-commerce GMV rose by 29% in Q2, with significant contributions from Brazil and France.
The new European purchasing alliance, Concorddis, is expected to enhance price competitiveness and is set to be operational for 2026 negotiations.

Negative

Recurring operating income was down compared to the previous year, impacted by exchange rate effects and integration costs of Cora and March.
Net free cash flow decreased, reflecting a normalization of working capital contributions and the consolidation of Cora and March.
The Italian operations posted negative recurring operating income and net free cash flow, leading to a planned divestment.
Forex had an unfavorable impact on total sales growth, particularly due to the depreciation of the Argentine peso and Brazilian real.
The integration of Cora and March resulted in a negative impact of €80 million on H1 results.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CARR.PA - Carrefour SA
Half Year 2025 Carrefour SA Earnings Call
Jul 24, 2025 / 04:15PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the account for half year 2025 results webcast and conference call. At this time, all participants are in a listen-only mode after the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you will need to press 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised to withdraw your question, please press one and one again. Please be advised that today's conference is being recorded.

I would now like to on the conference over to your first speaker today, Mr. Alexandra Compart, Chairman and CEO. Please go ahead, sir.

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