The retailer reported a 6.4% increase in comparable terms in the second quarter of 2022, after an 8.4% advance in the second quarter of 2021.
At end-June 2022, Carrefour Romania had 377 stores in all formats – hypermarket, market and express, as well as online presence with delivery for the entire product portfolio.
In the first half of 2022, Carrefour opened 11 new stores, including one discounter (Supeco) and ten Carrefour Express units, alongside an extension of the digital footprint together with a strategic e-commerce partner – Glovo Romania, adding to the already strong partnership with Bringo. In 2021, Carrefour saw a 2% increase in turnover in Romania, compared to by 2020, reaching a total of EUR2.3 billion euros.
“The main challenge that we faced this year, as every retailer in Europe, was managing inflation. Our priority was addressing our customers purchasing power restrictions with a large offer of private label and entry price products, as well as commercial activations, investing the results from our continued cost discipline in our prices to maintain competitiveness and operating margins. In this sense, the private label portfolio extended all throughout the year, with over 125 new articles launched in H1 and cover 91% of the total sales of new products. We are happy to have been able to make a positive contribution at group level with the support of our 16,000 colleagues. We will continue to strengthen our multiformat strategy and digital transformation to better connect with our customer and continue our consistent growth,” stated Régis Moratin, CFO Carrefour Romania.
French group Carrefour saw a 13.2% increase in sales in the first half of 2022 as compared to the same period of 2021, a 22% advance of the e-commerce sector and ROI increasing by 10%.
Carrefour Group registered strong results in the first half of 2022, focusing on customer satisfaction first and foremost and gaining steady market shares in the Group’s key countries, notably France, Spain, and Brazil. Combined with a granular pricing strategy and strong cost discipline, it enabled the Group to live up to the commitment made at the beginning of the year: protect the purchasing power of its customers while consolidating its economic model. This is reflected in a stable ROI margin at 2.1% over the half-year and by a marked improvement of +EUR110 million in net free cash flow.