Carrefour is confident in 2024 and plans to buy back shares

Carrefour is confident in 2024 and plans to buy back shares

February 20, 2024 – 15:33

Carrefour announced a 2023 group recurring operating result of €2.26 billion ($2.45 billion), an increase of 9.8% at constant exchange rates.

CarrefourEurope’s largest retailer, said Tuesday it is confident going into 2024, since last year it recorded a record cash flow of 1,620 million euros and its operating results They increased by 18.5% in their main French market, in a context of high inflation.

The solid results and strong cash generation allowed Carrefour to offer investors a dividend increase of 55%, up to 0.87 euros per share, and llaunch a new share buyback program worth 700 million euros, according to the company.

Carrefour announced a 2023 group recurring operating result of €2.26 billion ($2.45 billion), an increase of 9.8% at constant exchange rates.

Sales reached 94,130 million euros, an increase of 10.4% at constant exchange rates.

Source: Ambito

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