家乐福Carrefour S.A.（CRERF）2025财年第一季度业绩演示报告「OTC」（英文版）（18页）.pdf

1、Q1 2025 SalesApril 24th,2025April 24,2025Q1 2025 SALES2Group sales up+2.9%LFL in Q1 France:Sequential improvement in LFL sales;market shares dynamic improving again,benefiting from price investments Spain:Sequential improvement in LFL food sales following investments in competitiveness;dynamic marke

2、t with positive volumes Brazil:Ongoing growth driven by Atacado posting LFL above marketExecuting strategic initiatives in Q1 Carrefour-branded products continued increase in sales,reaching 38%of food sales(+1pt YoY)E-commerce GMV up+19%,driven notably by Brazil NPS up+3 points,fuelled by strong exe

3、cution and price image Franchise:French geographical footprint and franchise network reinforced with strong organic expansion and the integration of Groups Puig and Magne(convenience stores).2025 plan of conversions of hypers&supers to lease management engaged in April Good progress of the 2025 cost

4、 savings plan to date.1.2bn objective confirmedFY 2025 financial targets confirmed:Slight growth in EBITDA,Recurring Operating Income and Net FCF1Q25:LFL dynamic in line with 4Q24;consistent with FY25 trajectory1(1)Excluding Argentina(experiencing sharp decrease in inflation)April 24,2025Q1 2025 SAL

5、ES3Q1 2024Gross salesLFLExpansion&M&APetrolCalendarForexQ1 2025Gross sales+2.3%+2.9%(0.0)%(4.0)%22,156m22,674m+5.7%(2.2)%Q1 2025 sales growthLeap year in 2024&Easter in April 25 vs.March in 24Mostly due to BRL&ARS drop vs.EuroApril 24,2025Q1 2025 SALES4FranceHypermarketsSupermarketsOther formatsQ1 S

6、ales inc.VAT+9.3%+14.0%+6.4%+2.1%Variation vs.Q1 24LFL ex.petrolex.calendarSlight sequential improvement in LFL sales:-1.7%vs-2.1%in Q4 24,on the back of continued investmentsin competitiveness,in an environment marked by sluggish consumptionContinued market share gains in volume in Q1(ex.Cora/Match