direct/Carrefour: Annual results 2004

Paris, 10.03. 2005 09:24

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direct/Carrefour: Annual results 2004

Annual results 2004

- 2004 earnings per share grew 2.8%
- Net debt fell by Euro1.1bn
- In 2005, we have to go further and faster to return to profitable growth

Sales ex. VAT
· 72 668 mEuro

+4.0%
on constant exchange rates

+3.1%
on current exchange rates

EBIT

· 3 234 mEuro
-0.5%

Recurring net profit
Group share after
goodwill amortization

· 1 662 mEuro
+2.6%

EPS after
goodwill amortization

· 2.29Euro
+2.8%

Our goals in 2005

In 2005, we have to achieve four key goals

* Strengthen our price image in our French hypermarkets

In 2005, we will invest further to improve our price image with the goal of being number one on price locally in all our stores.

* Grow customer traffic in our French hypermarkets to win market share

We must communicate better to the consumer. We will reinforce the attractiveness of our product offer, focusing on competitiveness, innovation and modernisation.

* Improve significantly our profitability and ROCE outside of France

We will build on strong market positions in Europe, Asia and Latin America. We are also cleaning up and upgrading our portfolio of assets. With the divestment of Mexico and Japan we are close to achieving our initial target of divesting assets with cash in of Euro1bn.

* Prepare for accelerated growth in 2006 and 2008

We can guarantee that we will open one million square metres of new space in 2005. We will prepare to accelerate our opening programme from 2006 onwards.

We will examine how to use our skills as a multi format retailer to reinforce our share in key markets.

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Kontaktinformationen:

All our results available on www.carrefour.com

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