Home / Knowledge / News / Apparel/Garments / French retailer Carrefour H1 sales up 1.4%
French retailer Carrefour H1 sales up 1.4%
Sep '13
Retailer Carrefour announces results for the first half of  2013.

Key H1 2013 figures

• Sales ex. VAT of €36.5bn, up 1.4% at constant exchange rates. Taking into account the impact of exchange rates, the variation was -0.8%.
• Recurring operating income of €766m, up 7.7% at constant exchange rates. Taking into account the impact of exchange rates, recurring operating income is up 4.9%. Growth in recurring operating income in France and in Latin America at constant exchange rates. Southern Europe was impacted by the economic environment.
• Net income, Group share, rose to €902m.
• Stronger financial structure and improved liquidity position, with net debt of €5.9 billion, a €3.7 billion improvement compared to 30 June 2012.

H1 2013 highlights

Continued reorganization and strengthening of international partnerships:

-In Turkey, the Group reorganized its partnership with Sabanci Holding, transforming the governance of their CarrefourSA joint venture. The transaction was approved by the relevant authorities in July. Carrefour now holds 46.2% of CarrefourSA.
- In May, Carrefour and Majid Al Futtaim Holding reorganized and strengthened their partnership: Carrefour sold its 25% stake in Majid Al Futtaim Hypermarkets for €530 million to its regional partner. The franchise partnership has been reinforced, extended in time and expanded in scope to the Middle East, North Africa and Central Asia.
- Also in May, Carrefour and CFAO announced the signing of a memorandum of understanding to form a joint venture that will be 55% owned by CFAO and 45% by Carrefour. This venture will have exclusive distribution rights to develop various store formats in Western and Central Africa.

Significant improvement in the Group’s liquidity position:

 -New bond issue of €1 billion in May (1.75% coupon, maturity 2019).
- Bond buyback for €1.3 billion in June on 2014, 2015 and 2016 maturities.
 -Renewal of syndicated loans for an amount of €4.15 billion.


Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search