Report
Geoffroy Michalet

Carrefour : Des résultats 2023 affectés par la Pologne, mais un gros FCF. Pour 2024, un ROI en progression, mais baisse attendue du FCF. OC 18 € vs 20 €

>Un ROI légèrement inférieur aux attentes, pénalisé par la Pologne, et malgré une France avec une marge en forte hausse - Dans un contexte de ralentissement de l’inflation alimentaire, mais toujours à un niveau élevé, et de légère baisse des volumes et de trading-down, le groupe publie un ROI (EBIT) de 2 264 M€ (CSS : 2 283 M€/ ODDO BHF 2 300 M€). Deux phénomènes contraires ne se compensent pas complètement. i/ D’une part la France avec une marge à 2.6% (+40...
Underlying
Carrefour SA

Carrefour is a distribution group based in France. Co. is engaged in retailing business, primarily in Europe (France, Belgium, Spain, Italy, Poland, and Romania); Asia (China, India, and Taiwan); and Latin America (Argentina and Brazil). Co. offers a variety of fresh produce, products from local suppliers and major-brand products. Co. operates Hypermarkets, Supermarkets, Convenience stores and Cash & Carry stores, as well as food and non-food e-commerce sites. Co. also offers services such as financial and insurance services, travel, entertainment, after-sales services, and leasing of commercial vehicles. As of Dec 31 2013 Co. operated 10,105 stores under its brand.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch