French Carrefour, Europe’s leading supermarket chain, reported a 9.1% increase in revenues in Italy in the first six months of the year, with
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sales reaching €33.4bn (US$30.28bn).
The group, operating with Italian Gs, said its Ebitda grew from €1.85bn to €1.89bn and net profits rose from €277bn to €441bn.
The company said the results were in line with analyst’s expectations.
Large European chains play a strong role in Italy’s supermarket sector, controlling 46%, coinciding with the eclipse of Standa. The other major foreign chain is Auchan, which is allied with Italian Rinascente.
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By GlobalDataBy Hilmi Toros, just-food.com correspondent
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