Carrefour's profit soared in the first half of 2015

Carrefour's profit soared in the first half of 2015

French supermarket chain Carrefour has made a significantly bigger profit in the first half of 2015 compared to the year before, with particularly its South American business performing very well.

Growth in Europe

In the first 6 months of 2015, the group's total turnover reached 37.7 billion euro, up 5.2 % from last year. On a like-for-like basis, turnover grew 2.9 %, while net profit soared 17.5 % to 233 million euro.

 

European like-for-like turnover grew 1.3 %: (home territory) France's turnover grew 1.8 %, while the like-for-like turnover growth elsewhere in Europe reached 0.3 %. All countries contributed to the growth, but particularly Spain and Italy excelled. 

 

The largest growth is once again for its South American operations as turnover spiked 12.4 % and 15.5 % on a like-for-like basis. Asian turnover also grew 9.3 %, but like-for-like turnover dropped 9.7 %, partly because of slower economic growth in China. Carrefour is now working on a long-term strategy that should help improve local turnover.

Questions or comments? Please feel free to contact the editors


Harrods plans biggest make-over in its 180-year history

24/11/2017

During the next three years, Harrods will be thoroughly revamped. The London luxury department store is investing a staggering 200 million pound (225 million euro) into its largest renovation to date and into new online services for its Chinese customers.

LensOnline targets German expansion

22/11/2017

Belgian LensGroup, which dominates Belgian online contact lens sales alongside LensOnline, is slowly conquering the European market. Following the Netherlands, Italy and Spain, it is now targeting the German market.

Europe halts geoblocking

22/11/2017

Negotiators for the European Parliament, the European Council and the European Commission reached an agreement on a geoblocking ban. With geoblocking, web shops could exclude visitors from other countries.

Hema targets extensive expansion in Germany

21/11/2017

Store chain Hema has major plans for Germany: in the next three years, it will open at least seventy new stores, which is a huge increase compared to the eleven it currently has in the country. Hema also targets shop-in-shops and stores in train stations.

Amazon almost ready to launch first cashierless Go

20/11/2017

According to certain sources, Amazon is currently hiring construction managers and marketers for its Amazon Go team. This move may suggest that the cashierless supermarket concept may be ready for prime time – for real this time.

Turnover for 100 largest web shops in Belgium grows 13.5 %

16/11/2017

Turnover for the top 100 web shops in Belgium grew 13.5 % from 3.7 to 4.2 billion euro. Digital sales for food items and household products have increased considerably.

Back to top