PARIS: Carrefour said the execution of its turnaround plan was well on track and raised its savings goals, as Europe’s largest retailer delivered cost cuts of €1.05bil (US$1.2bil) in 2018 and a higher free cashflow.
The French supermarket retailer reported a well-flagged 3.4% decline in 2018 operating profit, reflecting weakness in its core French market despite a robust performance in Brazil.
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