French dressing

31 Jul 2015 By Robert Cole

The French retailer is performing better in Latin America and Asia than at home, while its similarly sized UK rival might sell foreign assets to relieve balance-sheet strain. But if Tesco can live with the debt, it might be emboldened by Carrefour’s global shopping experience.

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Carrefour, the French supermarket group, reported adjusted net income in the last six months which was 17 percent higher than in the comparable period last year, 233 million euros against 198 million. Revenue, excluding motor fuels and ignoring exchange rate movements, rose 5.2 percent to 37.7 million euros.

Excluding one-offs, Carrefour saw sales rise 1.8 percent in France and recurring operating income fall 2.2 percent. In Latin America, sales rose 12.4 percent and recurring operating income climbed 20 percent.

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