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14 2014 Registration Document
Presentation of the Group
1
Activities and strategy
Carrefour in Asia
Carrefour has been established in Asia since 1989. It opened its first
store in Taiwan and now has a presence in China, as well as in Indonesia
(through franchises).
The Group has a total of 394 stores under banners, including
375 hypermarkets and 19 supermarkets.
Over the year, the Group added 16 stores to its network – 13 hypermarkets
and 3 supermarkets. These new stores have added an additional
87,000 sq.m of sales area.
Net sales in Asia fell by 1.9% at constant exchange rates (by -2.4% at
current exchange rates), to €6.3 billion. Recurring operating income
totalled €97 million for a margin of 1.5%, a decrease of 50 basis points
compared with 2013. Commercial margin increased. Operating costs
reflected wage inflation of the lowest salaries in a context of lower sales
in China.
Carrefour has been present in China since 1995 and is one of the
leading players in grocery retail. The Group continues to build a long-
term position, opening 9 new hypermarkets for a total of 236 stores at
year-end 2014. Net sales in China totalled €4.9 billion – down 2.0%
at constant and current exchange rates.
Carrefour is the leading hypermarket operator in Taiwan. The network
includes 62 hypermarkets and 9 supermarkets. Sales have dipped slightly
in the country at constant exchange rates.
The Carrefour banner is also present in Indonesia as franchises, with its
partner operating 77 hypermarkets and 10 supermarkets.
Operational investment in Asia totalled €214 million in 2014, representing
3.4% of sales, broadly in line with 2013.
Other regions
Carrefour also has 261 stores that it operates with local franchisee
partners throughout the world (in North Africa, the Middle East,
and the Dominican Republic) in different formats: 67 hypermarkets,
148 supermarkets, 33 convenience stores, and 13 cash & carry stores.