FULL YEAR RESULTS - Carrefour（全年结果家乐福）.pdf

FULL YEAR RESULTS MARCH 5TH , 2015 1 INTRODUCTION JÉROME BEDIER 2 FINANCIAL RESULTS PIERRE-JEAN SIVIGNON 3 2014: GROWTH MOMENTUM CONFIRMED • Acceleration of organic sales growth: +3.9% • Further growth in Recurring Operating Income, up +10.6% at constant currencies •+7.0% in Europe (including France): Further growth in profitability in France, highlighting the dynamism of our multi-format model; rise in profitability in the other European countries •+14.9% in Emerging Markets: remarkable performance in Latin America; evolution of our model in China • Continued investments to bring up to standards, modernize and develop our store network • Increase in proposed dividend: €0.68 per share, payable in cash or shares 4 2014 HIGHLIGHTS: ACCELERATION OF OUR MULTI- FORMAT MODEL AND STRATEGIC PARTNERSHIP IN BRAZIL • Creation of Carmila in April a property company dedicated to enhancing the shopping centers adjoining Carrefour hypermarkets in France, Spain and Italy • Acquisition of DIA France and store networks in Italy further reinforcing the growth of Carrefour’s multi-format network • Strengthened local presence in Brazil Península acquires 10% of our local subsidiary in Brazil allowing Carrefour to benefit from the widely- recognized local retail experience of its new shareholder to continue developing its multi-format model • Purchasing cooperation agreement between Carrefour and Cora enhancing the competitiveness of the banners involved