Financials Carrefour

Equities

Market Closed - Euronext Paris Other stock markets 11:35:16 2025-06-20 am EDT			5-day change	1st Jan Change
12.74 ^EUR	+0.91%		-0.55%	-7.17%

Jun. 18	Pricer confirms that the exclusive agreement with Carrefour remains in force.	FW
Jun. 18	Pricer Says Exclusive Agreement With Carrefour Remains Unchanged	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	70,719	72,958	81,385	83,270	85,445	87,443	89,282	91,001
Change	-	3.17%	11.55%	2.32%	2.61%	2.34%	2.1%	1.93%
EBITDA ¹	4,465	4,550	4,613	4,559	4,637	4,534	4,776	5,127
Change	-	1.9%	1.38%	-1.17%	1.71%	-2.22%	5.34%	7.34%
EBIT ¹	2,173	2,272	2,377	2,264	2,213	2,274	2,486	2,633
Change	-	4.56%	4.62%	-4.75%	-2.25%	2.77%	9.32%	5.9%
Interest Paid ¹	-334	-279	-336	-410	-759	-735.4	-725	-788
Earnings before Tax (EBT) ¹	1,351	1,632	1,973	1,339	1,093	1,340	1,609	1,721
Change	-	20.8%	20.89%	-32.13%	-18.37%	22.59%	20.06%	6.97%
Net income ¹	641	1,072	1,348	1,659	723	825.7	984.8	1,074
Change	-	67.24%	25.75%	23.07%	-56.42%	14.2%	19.28%	9.01%
Announcement Date	2/18/21	2/16/22	2/14/23	2/20/24	2/19/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q3	2022 Q2	2022 Q3	2024 Q1	2025 Q1
Net sales ¹	19,445	18,710	19,690	12,874	20,468	23,158	23,729	22,230	22,674
Change	-	-3.78%	5.24%	-34.62%	58.99%	13.14%	2.47%	-6.32%	2%
EBITDA	-	-	-	-	-	747.5	-	-	-
Change	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Announcement Date	4/28/20	7/28/20	10/28/20	2/18/21	10/20/21	7/27/22	10/26/22	4/24/24	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales	32,564	34,462	-	43,420	42,331	40,302	42,968	40,159	-
Change	-	5.83%	-	-	-2.51%	-4.79%	6.62%	-6.54%	-
EBITDA	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EBIT ¹	-	740	1,532	-	1,563	700	1,564	743	1,470
Change	-	-	107.03%	-	-	-55.21%	123.43%	-52.49%	97.85%
Charge d'intérêts ¹	-	-132	-	-151	-	-	-	-	-329
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Announcement Date	2/18/21	7/28/21	2/16/22	7/27/22	2/14/23	7/26/23	2/20/24	7/24/24	2/19/25

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	7,305	7,195	8,871	8,099	9,323	8,835	8,422	7,748
Change	-	-1.51%	23.29%	-8.7%	15.11%	-5.23%	-4.67%	-8%
Announcement Date	2/18/21	2/16/22	2/14/23	2/20/24	2/19/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,241	1,653	1,882	1,850	1,772	1,952	1,965	2,011
Change	-	33.2%	13.85%	-1.7%	-4.22%	10.16%	0.66%	2.32%
Free Cash Flow (FCF) ¹	2,223	2,008	2,337	1,622	1,457	1,614	1,810	1,827
Change	-	-9.67%	16.38%	-30.59%	-10.17%	10.81%	12.14%	0.93%
Announcement Date	2/18/21	2/16/22	2/14/23	2/20/24	2/19/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.31%	6.24%	5.67%	5.47%	5.43%	5.19%	5.35%	5.63%
EBIT Margin (%)	3.07%	3.11%	2.92%	2.72%	2.59%	2.6%	2.78%	2.89%
EBT Margin (%)	1.91%	2.24%	2.42%	1.61%	1.28%	1.53%	1.8%	1.89%
Net margin (%)	0.91%	1.47%	1.66%	1.99%	0.85%	0.94%	1.1%	1.18%
FCF margin (%)	3.14%	2.75%	2.87%	1.95%	1.71%	1.85%	2.03%	2.01%
FCF / Net Income (%)	346.8%	187.31%	173.37%	97.77%	201.52%	195.54%	183.83%	170.21%
Profitability
ROA	1.29%	2.25%	2.59%	2.94%	1.27%	1.97%	2.24%	2.3%
ROE	10.25%	11.38%	12.13%	11.5%	9.67%	9.13%	10.47%	11.04%
Financial Health
Leverage (Debt/EBITDA)	1.64x	1.58x	1.92x	1.78x	2.01x	1.95x	1.76x	1.51x
Debt / Free cash flow	3.29x	3.58x	3.8x	4.99x	6.4x	5.47x	4.65x	4.24x
Capital Intensity
CAPEX / Current Assets (%)	1.75%	2.27%	2.31%	2.22%	2.07%	2.23%	2.2%	2.21%
CAPEX / EBITDA (%)	27.79%	36.33%	40.8%	40.58%	38.21%	43.05%	41.14%	39.22%
CAPEX / FCF (%)	55.83%	82.32%	80.53%	114.06%	121.62%	120.91%	108.54%	110.03%
Items per share
Cash flow per share ¹	4.212	4.842	5.651	6.513	6.409	3.251	3.388	3.257
Change	-	14.96%	16.69%	15.25%	-1.59%	-49.28%	4.21%	-3.87%
Dividend per Share ¹	0.48	0.52	0.56	0.87	0.92	0.9268	1.002	1.086
Change	-	8.33%	7.69%	55.36%	5.75%	0.74%	8.1%	8.41%
Book Value Per Share ¹	12.12	13.21	15.02	16.69	16.76	16.06	16.37	16.82
Change	-	9.01%	13.65%	11.18%	0.36%	-4.13%	1.9%	2.74%
EPS ¹	0.7953	1.362	1.8	2.324	1.013	1.186	1.498	1.595
Change	-	71.27%	32.15%	29.11%	-56.43%	17.09%	26.38%	6.48%
Nbr of stocks (in thousands)	808,166	766,438	769,845	699,183	663,135	704,119	704,119	704,119
Announcement Date	2/18/21	2/16/22	2/14/23	2/20/24	2/19/25	-	-	-