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. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: China’s 2023 National People’s Congress: What Retailers Need To KnowHong Kong Web3 Festival: Generative AI, Standardization and Hong Kong’s Ambition To Fuel Web3 DevelopmentInnovator Profile: Radd.’s Video-Marketing Tool Drives E-Commerce Traffic and ConversionUS Apparel and Beauty Spending Tracker, June 2023: Clothing, Footwear and Beauty Spending Growth Up; Women’s and Girls’ Clothing Outperform
