家乐福Carrefour S.A.（CRERF）2025财年第二季度业绩演示报告「OTC」（英文版）（42页）.pdf

1、H1 2025 ResultsQ2 2025 SalesJuly 24th,2025Key takeawaysAlexandre Bompard,Chairman&CEOJuly 24,2025H1 2025 RESULTS3Q2&H1 2025 show positive underlying trendSales accelerating in Q2+4.4%LFL in Q2(after+2.9%in Q1)Operating Income up in all 3 key markets excl.Cora&ForexROI at 761m ex.Cora&Match(vs 743m i

2、n 1H24)681m incl.Cora&MatchFranceSpainBrazilAccelerating LFLsPositive in all formatsLFL sales growth accelerationDynamic sales on high historicalsFranceSpainBrazilEx.Cora&Match:ROI up+20.0%YOYMargin up+34bps YOYROI+9.4%YOYROI+6.5%YOY(const.x-rate)Reported:340m in 1H25 vs.366m in 1H24(current x-rate)

3、July 24,2025H1 2025 RESULTSFull acquisition of Carrefour Brazil4Moving decisively on the strategic frontsDisposal of 7%of Carmilas share capital Carrefour29.8%Others70.2%New buying allianceConcordisJuly 24,2025H1 2025 RESULTS5Disposal of Carrefour Italy as part of the strategic reviewStrategic ratio

4、naleSharpened focus on core operationsOptimized resource allocationImprovement of the financial profile of the Group with a buyer that has ambition and fire power to support the local business going forwardExpress820Market315Hyper41Cash&Carry12Stores1,188Express23%Market41%Hyper32%Cash&Carry4%Net sa

5、les by formatFY 20243.7bnItaly grocery retail market share(1)CompetitorsCarrefourOthersCarrefour4%(1)Source:NielsenIQJuly 24,2025H1 2025 RESULTS6A new European buying alliance-ConcordisRanking of European buying alliances by turnover(2024)(1)(bn)1901509666150100Epic/EverestConcordisobjectiveEurelecA

6、gecore/VascoConcordis v0Eureca(1)Total turnover including VATCarrefour&Cooprative U become the largest buying alliance in France with 34%market shareStrengthen competitiveness against major existing alliances and respond to FMCG consolidationDirect price negotiations and international servicesOperat