The growth was driven, at least in part, by the takeover of Cora’s operations in Romania, a move that added almost RON1.4 billion to the retailer’s revenue.
The biggest contribution to the total revenue, however, came from Carrefour Romania, which operates the hypermarkets. In 2023, it posted RON11.4 billion revenue, almost as much as the entire consolidated revenue of 2022.
The French group operates in Romania through five legal entities. The stores acquired over the years from Artima, Billa and, more recently, Cora, are still operating as separate companies.
In all, the retailer has almost 450 stores in several formats, from hypermarket to discount store and from supermarket to modern convenience store, plus online operations.
Profit, on the other hand, stood at RON264 million last year, 20% below the 2022 level. Net profit was dragged down precisely by the acquisition of Cora. Romania Hypermarche, the operator of the ten Cora hypermarkets and nine convenience stores, ended last year with a loss of RON67 million.
(English version by Loredana Fratila-Cristescu)