家乐福Carrefour S.A.（CRERF）2025财年第四季度及全年业绩演示报告「OTC」（英文版）（38页）.pdf

1、FY 2025 ResultsQ4 2025 SalesFebruary 17th,2026Strategic overviewFebruary 17,2026FY 2025 RESULTS32025:Structural transformation&operational progress RomaniaExclusive negotiations Sale expected in H2-26Private labels38%of food salesE-commerce7.0bn GMV(+21%vs.2024)Cora&MatchGood progress in integration

2、ESG113%Carrefour BrazilFull acquisition and taken private in May 2025ItalyCompletion of the sale in December 2025ConcordisLaunch of the buying alliance in December 2025February 17,2026FY 2025 RESULTS4Recurring Operating Income2,158m-0.9%at constant FXNet Free Cash-Flow1,565m excl.Italy(1,305m report

3、ed)Net Sales82.1bn+2.8%LFLEBITDA4,506mstable vs.2024Net debtat December 31st,20253,965m(+185m vs Dec.31st,2024)Cost savings1,100m(excl.Italy)2025:Key financial resultsOrdinary dividend0.97/share(+5.4%vs.last year)Special dividend(1)150m0.21/share(1)Payment of special dividend will be conditioned to

4、the closing of the sale of Carrefour RomaniaFebruary 17,2026FY 2025 RESULTS5Disposal of Carrefour RomaniaStrategic rationaleRefocus on Carrefour core and strategic countriesSmall business unit for Carrefour GroupCarrefour Romania represents 3.5%of Group salesAttractive offer received30%sales4.8x EBI

5、TDA28.4x ROIExpress202Market191Hyper55Supeco30Stores split478Express7%Market24%Hyper64%Supeco6%Net sales by formatFY 20252.8bnRomania3.5%3.5%of total Group gross salesBased on 2025A financialsFebruary 17,2026FY 2025 RESULTS6Food transition664m in sales of plant-based alternatives(ahead of the 2026 t

6、arget of 650m)Nutrition and healthEmployeesRemoval of 2,155 tons of sugar and 350 tons of salt from Carrefour-branded products(2026 target:2,600 tons of sugar&250 tons of salt)14,403 employeeswith disabilitiesCSR&Food Transition Index:113%achievement rate Climate87%of Top 100 suppliers have a 1.5C t