Carrefour Romania recorded a 9 percent increase in turnover in 2022

The Carrefour Group announces an 8.5 percent increase in sales in 2022, a 26 percent increase in the e-commerce sector and a record free net cash flow of 1,262 million euros in 2022, compared to 1,227 million in 2021. Romania occupies the second position in terms of turnover evolution on a European level, with an increase of 9 percent in comparable terms.

Alexandre Bompard, Chairman and CEO of the Carrefour Group said: “Carrefour has once again demonstrated the strength of its model, achieving an outstanding performance in 2022 in an unprecedented inflationary environment. The pillars of the Carrefour 2022 plan have allowed us to offer solutions to customers to deal with the pressure on purchasing power, while staying on course in terms of the food transition for all and strict financial discipline. Over the past five years, the Group has managed to reposition itself as a leader in its industry. This transformation results from the hard work and exceptional daily commitment of the Carrefour teams and partners, including franchisees, in our stores, warehouses and headquarters. With the Carrefour 2026 plan, we are embarking on a new stage, with ambitions in several directions: digital, discount and new social and environmental commitments. In 2023, Carrefour will continue to differentiate itself in the market, for the benefit of its customers and shareholders.”

On November 8, 2022, the Group presented its new strategic plan, Carrefour 2026. This plan includes numerous initiatives: product accessibility, increasing the range of own brands, a goal of 8 billion euros in sales of certified sustainable products and increasing GMV in e-commerce of up to 10 billion euros in 2026. At the same time, Carrefour is innovating in terms of organization, new adjacent businesses and social initiatives, with additional cost savings of 4 billion euros and an ambitious plan to reduce energy consumption and, by extension, combating global warming.

The group is also accelerating its effort in every area of retail media by creating a joint venture with Publicis, boosting its real estate strategy in France and Brazil and strengthening its approach to inclusion, with strong diversity and disability initiatives and a ambitious employee share capital plan. Based on these, the Group targets a net free cash flow of at least €1.7 billion by 2026, with steady growth each year.

In line with its global strategy and omnichannel vision, Carrefour Romania ends the financial year with 402 stores in all formats at the end of December 2022 – hypermarket, market, express and discount, as well as an online presence with delivery for the entire product portfolio. Thus, in 2022, Carrefour continued its expansion and opened 46 stores, of which four Supeco (discount) stores, three Carrefour Market and 29 Carrefour Express and 10 franchise stores; along with an expansion of the digital footprint through partners, Bringo and Glovo Romania. The recorded figures continue the upward trend of the business.

Régis Moratin, Chief Financial Officer of Carrefour Romania, said: “Romania had an excellent evolution in 2022 within the Group, confirming that Central and Eastern Europe is the fastest growing region in the European Union. It was the first-year post-pandemic, but also a year full of challenges for the retail industry and, despite inflation, we managed to absorb the disruption in the market, bear some of the costs and protect the purchasing power of our customers from Romania, through a variety of measures, such as promotions, own brand products, commercial activations. Carrefour will continue to develop the portfolio of private brands, offering excellent value for money, and we will continue to maintain our competitiveness to remain the preferred choice of our customers, regardless of the format in which they choose to shop. Our digital transformation will allow us to better anticipate their choices. Looking back at our 2022 results, we thank our customers for their loyalty – they returned to our stores after the pandemic, and we remain committed to providing them with the best.”