19 / 302
Presentation of the Carrefour group
Carrefour in 2015
Carrefour in Latin America
Over the year, Carrefour opened a total of 18 stores. These new stores
have added an additional 93,000
sq.m. of sales area.
Carrefour has been operating in Latin America since it opened its first
Net sales in Asia fell by 8.9% at constant exchange rates (+5.9% at
store in Brazil in 1975 and has become one of the region’s major
current exchange rates) to €6.7
billion. Recurring operating income
players in retail. Carrefour is expanding its banners in two growth totalled €13
million for a margin of 0.2%, a decrease of 130 basis
markets: Argentina and Brazil. The Group has 876 stores in total,
points versus 2014. Gross margin ratio increased.
including 304
hypermarkets, 168 supermarkets and 404 convenience
Carrefour has been present in
China
since 1995 and is one of the
stores.
leading players in grocery retail. Net sales in China totalled €5
billion –
In 2015, the network grew to include 11 new Atacadão stores, a an increase of 2.7% at current exchange rates and a decrease of 12.3%
hypermarket, a supermarket, and 17
convenience stores in Brazil. In at constant exchange rates. The Group is continuing to build its
Argentina, one new hypermarket and 17 convenience stores were long-term position with the implementation of an action plan in the
added to the network. These new stores account for an additional
country, a plan characterised by the establishment of an integrated
91,000
sq.m. of sales area.
logistics operation, the closure of non-performing stores, a more
selective expansion programme, the development of convenience
In Latin America, organic sales saw a sharp increase of 15.7%, on an
stores, and the launch of Carrefour’s e-commerce activity. At the end of
already high basis of comparison in 2015 (+18.1%). An unfavorable
2015, Carrefour had 236 stores in the country, including 228
currency effect over the year resulted in a sales increase of 2.9% at
hypermarkets and the first 8 Carrefour
easy
convenience stores.
current exchange rates. With an recurring operating income of
Carrefour’s customers in China were able to enjoy numerous events in
€705 million in 2015, profitability in the region continued to improve
stores throughout the country to celebrate the 20
th
anniversary of
over the year, driven not just by in-store performance but by that of
Carrefour China.
financial services as well. Good control of operating costs and an
increased gross margin were seen alongside the growth in sales.
In
Taiwan
,
the
network
includes
63
hypermarkets
and
20
supermarkets. Sales have risen slightly in the country at constant
In
Brazil
, Carrefour is the leader in grocery retail. The Group operated
exchange rates. The progressive development of the supermarket
103
hypermarkets, 122
Atacadão stores, 42
supermarkets and 21
format and experimentation with e-commerce are the main initiatives
convenience stores as of year-end 2015. Net sales in Brazil totalled
intended to strengthen Carrefour’s multi-format and multi-channel
€10.7
billion, an increase of 12.7% at constant exchange rates.
profile in the country.
Performance was excellent across all formats: hypermarkets continued
to see improvement, and the Atacadão banner is strengthening its
Carrefour also has a presence in Indonesia through franchises, with the
leadership position as it continues to expand.
Group’s partner operating 78 hypermarkets and 9 supermarkets.
Carrefour’s multi-format profile continues to strengthen with the Operational investments in Asia totalled €204
million in 2015,
progressive expansion of the Express banner. The renovation representing 3.1% of sales.
programme covering hypermarkets, Atacadão stores and shopping
Other regions
centres is ongoing, and seeks to offer customers new shopping
experiences, in addition to the revitalisation of drugstores and petrol
stations. Notable in 2015 were the numerous events held across the
Carrefour also has 297 stores that it operates with local franchisee
entire country to celebrate the banner’s 40
th
anniversary in Brazil.
partners throughout the world (in Africa, the Middle East, and the
Carrefour has been operating in
Argentina
since 1982 and is the leader
Dominican Republic) in various formats. These include hypermarkets
in grocery retail thanks to its multi-format presence. The Group (77), supermarkets (166), convenience stores (42), and cash & carry
manages
73
hypermarkets,
6
Carrefour
Maxi
stores,
stores (12).
126
supermarkets, and 383
convenience stores. Net sales totalled
In the Middle East, the Majid Al Futtaim group, already operating in
€3.6
billion – up 26% at constant exchange rates and up 31.6% at
the hypermarket format, furthered its expansion in the supermarket
current exchange rates.
format, opening 12 new supermarkets and 5 convenience stores in
In 2015, Carrefour continued to expand its Express convenience store Dubai. Similarly, in North Africa, Tunisian group UTIC and Moroccan
network and the Carrefour Maxi banner, and remodelled shopping group Label’Vie boosted their store networks. The first hypermarket in
centres and hypermarkets in the country.
Casablanca, Morocco’s sixth, opened in August
2015, preceded by
Algeria’s first hypermarket, which opened in June in the City Center
Operational investment in Latin America totalled €517
million in
shopping centre in Bab Ezzouar, near Algiers. In Turkey, the Sabanci
2015, representing 3.6% of sales.
group accelerated its expansion with the acquisition of local retail
Carrefour in Asia
chains. In sub-Saharan Africa, the first store to be developed as part of
the partnership between Carrefour and CFAO opened in Abidjan in
December 2015.
Carrefour has been established in Asia since 1989. It has a presence in
China and Taiwan, as well as in Indonesia (through franchises). The
Group has a total of 406 stores under banners, including 369
hypermarkets, 29 supermarkets and 8 convenience stores.
2015 REGISTRATION DOCUMENT
19