Lower profits: A shopper using a Carrefour trolley at an outlet in Nice. In France, operating profits fell 13.4, with margins down by 40 basis points to 2.9. – Reuters
PARIS: Carrefour, the world’s second-largest retailer, pledged to grow sales and free cash flow this year after posting a steeper-than-expected fall in 2016 earnings, as profits dropped at its core French market.
Europe’s biggest retailer also said it was ready to float its Carmila property unit and its Brazilian business this year, market conditions permitting.
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