The group’s profitability decreased over 2016. The underlying operating profit stood at €3,351m, mainly due to a struggling China and declining margins in the domestic market. This led to a net income of €746m vs. €980m a year ago. Higher capex (including cargo property) has offset the improving working capital management, leading to flat net debt (at €4,531m). Carrefour announced a lower than expected dividend at €0.70 per share (in line with 2015). Regarding t
09 Mar 2017
Weak profitability in domestic market
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Weak profitability in domestic market
Carrefour SA (CARR:WBO) | 0 0 1.4% | Mkt Cap: 15,102m
- Published:
09 Mar 2017 -
Author:
Ranya GNABA -
Pages:
2
The group’s profitability decreased over 2016. The underlying operating profit stood at €3,351m, mainly due to a struggling China and declining margins in the domestic market. This led to a net income of €746m vs. €980m a year ago. Higher capex (including cargo property) has offset the improving working capital management, leading to flat net debt (at €4,531m). Carrefour announced a lower than expected dividend at €0.70 per share (in line with 2015). Regarding t