Home Business Carrefour Group’s online sales grew by 26% in 2023

Carrefour Group’s online sales grew by 26% in 2023

Ecommerce News Magazine

Carrefour achieved an attributable net profit of 1,659 million euros in 2023, up 23.1% year-on-year, while recurring operating profit fell 4.7% to 2,264 million euros. The French group’s digital strategy continues to bear fruit Online sales increased by 26% last yearup to 5.3 billion euros, a growth that is particularly driven by the Brazilian and French markets, the group reported.

On a global level The group’s gross sales (including VAT) between January and December amounted to 94,132 million euros, representing an increase of 3.6% in absolute terms and 10.4% in comparable terms. Carrefour’s net financial debt, in turn, amounted to 2,560 million euros at the end of last year, 24.2% less.

«In 2023, Carrefour confirmed the strength of its model in an environment characterized by high inflation in Europe and continued to improve its economic results“he defined Alexandre Bompard, President and CEO of the grouphighlighting strong momentum in private label sales and e-commerce as well as strong cost discipline.

The Carrefour leader highlighted the opportunities taken in 2023 to strengthen Carrefour’s position in its key markets, in particular with the announcement of the acquisitions of Cora and Match in France, while the integration of the BIG Group in Brazil is progressing rapidly.

In this sense the group is will strengthen its profitability policy for the shareholder with the proposal to distribute an ordinary dividend of 0.87 euros, an increase of 55% compared to 0.56 euros in 2022) and a total amount of 600 million euros. In addition, it has announced its intention to launch one new program to buy back own shares worth 700 million euros in 2024.

Carrefour also highlighted the success of its strong commitment to Carrefour branded products. and its low-price range “Simpl”, categories which have grown by 3 percentage points and now represent 36% of grocery sales, moving towards their 40% target set out in the Carrefour 2026 plan.”Carrefour faces this new year with confidence and continues its journey towards the goals set for 2026“said the CEO.

Record sales in Spain

In Spain, Carrefour achieved record sales of 11,821 million in 2023, which represents an increase of 2.8% compared to last year’s data. According to the statement, Carrefour’s sales in our country fell by 5.8% on a comparable basis and excluding the impact of fuel, while organic data increased by 5.9% over the year.

Between October and December, the group’s turnover in Spain increased by 2.2% to 3,167 million euros.

In this context, the company highlighted Strong sales increase in Spain “in all formats”and emphasized that the last year in our country was marked by the Announcement of the purchase of 47 supermarkets from El Corte Inglésan operation that they hope to complete by the first half of 2024.

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