NewsCarrefour Doubles Its Profits In Spain And Earns 311.2 Million

Carrefour Doubles Its Profits In Spain And Earns 311.2 Million

Carrefour closed a historic year in Spain last year. The subsidiary of the French distribution giant obtained a profit after tax of 311.2 million euros, which is 122% more than in 2019, according to the accounts sent to the Commercial Registry. It is the highest result ever achieved by the company, except for 2018, when it earned 613.2 million.

That year, profits were multiplied by six but it was not only due to commercial activity, but also due to the collection of dividends from four other subsidiaries that the company has in our country: Modern Purchasing Society, Carrefour Insurance Brokerage, Carrefour Norte and Carrefour Property Spain, which delivered a total of 462 million to its Spanish parent in an extraordinary way.

In the last year, due in part to the effect of food hoarding that occurred during the first weeks of the pandemic and confinement, which boosted consumption at home , Carrefour achieved overall net income in Spain of 9,058 million euros , 3% more.

Gross turnover improved by 3% thanks to the good performance, especially of supermarkets, thus rising to 10,113 million euros, with an increase in like-for-like terms of 7.1%. Growth in the Spanish market is, in fact , one of the keys that explains why the group recorded its highest growth in twenty years worldwide in the last year .

In comparable terms, the company’s turnover increased by 7.8%, to 78,609 million, while its current operating result improved by 16.4% to 2,173 million euros, according to the company led by Alexandre Bompard in the past. February month.

According to the latest data from Kantarworldpanel, Carrefour has consolidated its second position in the Spanish market with a market share of 8.9%, only behind Mrecadona, which has 24.8% and ahead of Lidl, the the company that has been gaining the most participation in recent months, with 6.8%; Dia, with 5.3% and Eroski with 4.8%.

Supersol purchase
Last March, the company gave a boost to its business by completing the purchase operation of the 172 Supersol stores and thus beginning the transformation of these centers after the approval of the competition authorities.

“For the company, the integration of Supersol reinforces our commitment to omnichannel, allowing us to be present in all formats, accelerating our growth strategy,” said Alexandre de Palmas, executive director of Carrefour Spain. Last July, the company nonetheless transferred 38 stores from these stores to four local and regional supermarket chains.

Get in Touch


Please enter your comment!
Please enter your name here

Related Articles

Latest Posts