Total company revenue was €39.8 billion in the first half of 2022, compared to €35.1 billion for the same period last year

Table of Content

H1 2022 Financial Highlights H1 2022 YoY Financial Comparison Additional Key Highlights
 

H1 2022 Financial Highlights

  • Reported a 13.2% increase in sales in H1 2022
  • Witnessed a recurring operating income of €814 million in H1 2022
  • Accelerating cost-cutting momentum in H1 2022 (€480 million) - 2022 objective increased to €1.0 billion (from €900 million)
  • Witnessed an improvement of €110 million in net free cash flow in H1 2022

Source: Financial publications | Carrefour Group

 

H1 2022 YoY Financial Comparison

  • Total company revenue was €39.8 billion in the first half of 2022, compared to €35.1 billion for the same period last year
  • The operating expense ratio went up from approximately 98.0% in the first half of 2021 to 98.1% in the same period this year
  • The operating income ratio decreased from 2.0% in H1 2021 to 1.9% for the same period this year
  • The net income ratio decreased from 1.1% in H1 2021 to 0.9% for the same period this year

Source: Financial publications | Carrefour Group

 

Additional Key Highlights

Growth

  • The company is continuously growing with a count of 302 active partners by H1 2022
  • Brazil is driving the digitization of financial services, and it is currently going as planned
  • There is an increase of 16% in GMV in H1 2022, reflecting the rapid growth in e-commerce
  • Carrefour acquired Grupo BIG in Brazil in H1 2022
  • In H1 2022, Carrefour announced to sell its 60% ownership of Carrefour Taiwan to Uni-President

Climate

  • The company committed to the reduction of greenhouse gas emissions from stores by 22% in H1 2022
  • The company launched Carrefour Energie - an electrical charging service - in France in all the supermarkets and hypermarkets, with an aim to install over 5000 charging stations by 2025

Diversity and  Engagement

  • There are 25.5% women among the "Top 200 managers," exceeding our target of 35% by 2025
  • The L'Autre Cercle charter, which supports the inclusion of LGBT+ persons in the workplace, has been signed in France

Packaging

  • In the first half of 2022, around 2,223 tons of packaging were avoided
  • The company deployed the “Loop” deposit system in Paris in 21 stores

Food transition

  • Reflecting the dedication to the agriculture and food transition, Carrefour became the main private investor in the “MiiMOSA transition #1” fund, allocating €5 million to it

Source: Financial publications | Carrefour Group

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