Carrefour Posts Strong Earnings Growth In Full-Year 2014

Retailer Carrefour reported group earnings at constant exchange rate grew 3.9 percent on organic basis to €74.7 billion in 2014. Recurring operating income rose 10.6 percent, while net income from continuing operations expanded by 24.6 percent. This prompted the company to increase its proposed dividend to €0.68 per share. For its operations in other European countries, the company saw increased profitability for the third consecutive half. Recurring operating income grew 9.6 percent in the region. In emerging markets, recurring operating income rose 14.9 percent. Argentina and Brazil markets combined to deliver a 23.2 percent increase in recurring operating income.