Carrefour 2025 gross sales develop as revenue hit by foreign money and integration prices

French retailer Carrefour reported like-for-like (LFL) gross sales progress in 2025, with secure EBITDA as features in France and Spain have been offset by integration and foreign money pressures.

Group gross sales, together with VAT, totalled €91.48bn ($108.25bn) in 2025, rising 2.8% on a LFL foundation and 1.2% at present change charges, after a 3.5% destructive foreign money impression primarily from the Brazilian actual and Argentine peso.

Web gross sales reached €82.10bn whereas gross margin declined 22 foundation factors to 19.5%, reflecting value investments and adjustments in retailer combine.

Web earnings, group share, dropped to €319m from €723m in 2024, attributable to increased tax of €516m and integration prices.

Adjusted web earnings was €1.09bn in contrast with €1.17bn a yr earlier.

EBITDA stood at €4.51bn, down 0.4% on a reported foundation however up 3.4% at fixed change charges.

Recurring working earnings (ROI) fell to €2.16bn from €2.28bn in 2024, together with €120m associated to the consolidation and integration of Cora & Match retail banner and €102m of adversarial foreign money results.

Working margin was 2.6%, or 2.9% excluding Cora & Match.

Web free money circulation was €1.31bn, or €1.57bn excluding Italy, whereas web monetary debt rose to €3.97bn from €3.78bn.

Fourth quarter LFL gross sales elevated 1.6% to €24.29bn.

Regionally, France ROI excluding Cora & Match elevated 11.3% to €1.10bn, with margin up 31 foundation factors to three.0%.

Europe, excluding France, recorded ROI progress of three.7% to €481m, led by Spain, which rose 13.5%.

Latin America ROI declined to €779m from €879m, secure at fixed change charges however affected by foreign money depreciation.

Throughout 2025, Carrefour accomplished the disposal of its Italian operations and raised its stake in Carrefour Brazil by means of a minority buyout.

The group additionally launched the Concordis shopping for alliance and not too long ago entered unique negotiations to promote Carrefour Romania, with completion anticipated within the second half of 2026.

Carrefour confirmed €130m of synergies from integrating Cora & Match by 2027.

The board will suggest an bizarre dividend of €0.97 per share for 2025, up 5.4%, alongside a €150m particular dividend contingent on the closure of the Carrefour Romania disposal.

For 2026, the corporate expects ongoing energy in France and Spain, gradual quantity restoration in Brazil, and advantages from the top of Cora & Match integration prices and refinancing of Brazilian debt.

Carrefour chairman and CEO Alexandre Bompard mentioned: “The yr was formed by a number of main milestones, together with the mixing of the Cora & Match banners in France, the launch of our European shopping for platform Concordis, the buyout of minority pursuits in Carrefour Brazil and the disposal of Carrefour Italy, adopted by the announcement of the disposal of Carrefour Romania in early 2026.”