Carrefour: FY adjusted income up almost 4%
(CercleFinance.com) - Carrefour has published 2018 adjusted net income that is up 3.
7% at 802 million euros, with underlying operating profit of 1,938 million euros pre-IAS 29, up 4.6% at constant exchange rates, for sales of 84.9 billion euros (+1.4% LFL).
Benefiting from a 14.5% improvement in free cash flow excluding extraordinary items at 1,088 million euros, the retail giant will propose a stable dividend of 0.46 euro per share for 2018. Shareholders may opt for payment in either cash or in shares.
Adding that its current initiatives will be enhanced in 2019, several targets of the Carrefour 2022 plan have been upgraded, with a full-year savings target that has been raised to 2.8 billion euros (against two billion euros previously) by 2020.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7% at 802 million euros, with underlying operating profit of 1,938 million euros pre-IAS 29, up 4.6% at constant exchange rates, for sales of 84.9 billion euros (+1.4% LFL).
Benefiting from a 14.5% improvement in free cash flow excluding extraordinary items at 1,088 million euros, the retail giant will propose a stable dividend of 0.46 euro per share for 2018. Shareholders may opt for payment in either cash or in shares.
Adding that its current initiatives will be enhanced in 2019, several targets of the Carrefour 2022 plan have been upgraded, with a full-year savings target that has been raised to 2.8 billion euros (against two billion euros previously) by 2020.
Copyright (c) 2019 CercleFinance.com. All rights reserved.