Total company revenue was €74.3 billion in FY 2021, compared to €72.2 billion for the same period last year.

Table of Content

FY 2021 Financial Highlights FY 2021 YoY Financial Comparison Additional Key Highlights
 

FY 2021 Financial Highlights

  • LFL sales increased by 2.3% in 2021 as compared to 2020
  • In 2021, the ROI increased to €2,272 in the year 2021, which is an increase of 7.7%
  • Record-breaking Net Free Cash Flow of €1,228 million in 2021, up from €1,056 million in 2020
  • Cost savings of €930m was achieved in FY 2021

Source: Financial publications | Carrefour Group

 

FY 2021 YoY Financial Comparison

  • Total company revenue was €74.3 billion in FY 2021, compared to €72.2 billion for the same period last year
  • The operating expense ratio went down from approximately 97.7% in FY 2020 to 97.4% in the same period this year
  • The operating income ratio improved from 2.3% in FY 2020 to 2.6% for the same period this year
  • The net income ratio increased from 1.2% in FY 2020 to 1.8% for the same period this year

Source: Financial publications | Carrefour Group

 

Additional Key Highlights

  • With the acquisition of Grupo BIG in Brazil, which is anticipated to close at the end of Q2 2022, the Carrefour Group also significantly strengthened its footprint in growth formats
  • The expected synergies with Grupo BIG increased from R$1.7bn to at least R$2.0 bn
  • With the transfer of 44 supermarkets and 10 hypermarkets to lease-management in France in 2021, Carrefour continued to streamline its operational model
  • A new program was announced, comprising 43 stores (27 supermarkets and 16 hypermarkets), with the first transfers scheduled to begin in March 2022

Source: Financial publications | Carrefour Group

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