Q2 2021
SALES
H1 2021
RESULTS
July 28, 2021
H1 Key Performance Indicators
- Sustained commercial activity: +3.6% LFL in Q2, and +3.9% LFL in H1
- Strong growth in France: +4.7% LFL in Q2, of which +4.3% in hypermarkets
- Recurring Operating Income of €740m in H1, up +11.2% (+€81m) at constant FX
- Further cost-reduction momentum (€430m in H1)
- +€203m improvement in net free cash flow to €(1,990)m in H1 2021
< FY21 Net FCF expected comfortably above €1bn
<
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H1 2021 RESULTS |
July 28, 2021 |
2 |
OPENING
REMARKS
Alexandre Bompard
Chairman & CEO
SOLID H1 PERFORMANCE
Food
e-commerce
+26%
(+120% vs. 2019)
Sales
+3.9% LFL
Organic Sales
€1.4bn
ROI*
€740m
+11.2% at c.c.
Private
Labels
+1p.p. yoy
at 30% of sales
Cost savings
€430m
Proximity expansion
+735 stores
Net FCF
+€203m
at €(1,990)m
*Recurring Operating Income
H1 2021 RESULTS
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4 |
KEY MESSAGES Strategy on track and delivering
- Improved customer service
- Outperformance in organic & private label
- Solid expansion of growth formats
- Rapid e-commerce growth
- Market share gains in all formats in key countries
< Confidence in achieving objectives
Additional €200m share buyback
<
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H1 2021 RESULTS |
July 28, 2021 |
5 |
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Carrefour SA published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 16:39:03 UTC.
