Company Earnings Update 4 minutesRegister for Free AccessCarrefour (ENXTPA: CA) FY17 Results: Profits Fall amid Tough Conditions and €1 Billion Charge Coresight Research March 1, 2018 Executive Summary Carrefour announced a 14.7% fall in recurring operating income in FY17, yielding a decline in operating margin from 3.1% in FY16 to 2.5% in FY17. The company noted price pressures, higher costs and higher depreciation charges as pressuring its operating margin. Adjusted net income was down 25% year over year and well below expectations. Net income was hit by €1 billion in charges relating to goodwill in Italy and the DIA store network in France. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Amazon Prime Day 2024: Preview—Five Key InsightsWeekly US and UK Store Openings and Closures Tracker 2023, Week 32: UK Closures Up 96%Navigating Digital Transformation in Retail: Infographic—Australia and New Zealand in Focus3Q23 US Livestreaming Tracker: Target Provides Competition for Walmart, Opportunities for Home and Beauty
