Carrefour’s strong closure to FY19 and further improvement in the cost savings plan are positive developments. We remain optimistic on the potential of Mr Bompard in turning around the operations, especially in Europe. The company needs to be more aggressive in achieving the e-com target of €4.2bn by 2022 (vs €1.3bn in 2019). Positive opinion maintained on the stock.
27 Feb 2020
Strong closure to FY19; new CEO is instilling confidence
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Strong closure to FY19; new CEO is instilling confidence
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
27 Feb 2020 -
Author:
Nishant Choudhary -
Pages:
4
Carrefour’s strong closure to FY19 and further improvement in the cost savings plan are positive developments. We remain optimistic on the potential of Mr Bompard in turning around the operations, especially in Europe. The company needs to be more aggressive in achieving the e-com target of €4.2bn by 2022 (vs €1.3bn in 2019). Positive opinion maintained on the stock.