Carrefour turnover up nearly 4 % in 2014

Carrefour turnover up nearly 4 % in 2014

Carrefour's turnover for its full fiscal year 2014 has grown 3.9 %. The French supermarket chain has even experienced slight growth in Belgium, but its largest turnover growth has been outside of Europe.

Largest growth outside of Europe

2014's fourth quarter turnover reached 22.6 billion euro, which represents a 4.1 % organic growth. Carrefour managed a 1 % turnover growth, to 10.54 billion euro, in its French home market. In its other markets, the company achieved a 12.06 billion euro turnover, 6.6 % higher than the year before.

 

For its full fiscal year, the company's turnover reached 84 billion euro, up 3.9 % compared to 2013. French turnover reached 39.7 billion euro, a 1.2 % increase. Its international growth, + 5.9 %, helped reach a 44.33 billion euro turnover, internationally.

 

Belgium stable after 4th quarter slump

Carrefour Belgium's fourth quarter turnover dropped 1.4 %, but on a like-for-like basis, it managed 0.4 % turnover growth. Its full-year turnover in Belgium for 2014 has remained relatively stable, even though it has managed to get a 1.7 % like-for-like turnover growth.

 

All regions considered, Brazil performed the best as its turnover grew 11.5 % thanks to favourable exchange rate fluctuations: those taken into consideration, turnover only grew 2.1 %. Nevertheless, its like-for-like turnover grew 8 %. Chinese turnover dropped 2.1 %, and even 6.4 % on a like-for-like basis, which has partially offset certain areas of growth.

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