Carrefour soars in Paris, NewPrinces plummets in Milan after acquisition of Italian operations
The French retail giant is in exclusive negotiations with the company led by the Mastrolia family. The transaction is expected to be completed before the end of 2025 and will involve a cash outlay of EUR 240 million
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(Il Sole 24 Ore Radiocor) - Carrefour soared on the Paris Stock Exchange, buoyed by thesale of its Italian operations, "accelerating" second-quarter results and the confirmation of its 2025 targets. On the eve, after the close of the session, Carrefour announced that it was inexclusive negotiations with New Princes, which collapsed on the Paris Stock Exchange, dropping more than 11%, for the sale of its Italian operations.
Carrefour Italia, the group added, "after a recovery in 2020-2022, recorded a sales drop in 2024 and a negative recurring operating profit of EUR 67 million and a negative cash flow of EUR 180 million in a particularly difficult economic and competitive environment". The transaction is expected to be completed before the end of 2025 and will involve a cash outlay of€240m, 'taking into account the financial contribution to support the acquisition project'. With its 1,188 shops, Carrefour Italy generated sales of EUR 4.2 billion last year, or 4% of the group's total. The sale 'will improve the growth, profitability and cash generation profile of the Carrefour group,' a statement underlined.
At the same time, the French group announced that it had achieveda 4.4% increase in sales in the second quarter of 2025, 'accelerating from the +2.9% increase in the first quarter'. In the six-month period, revenue increased 3.7% to EUR 46.5 billion and Ebitda rose 1.1% to EUR 1.93 billion. Net profit decreased to EUR 210 million from EUR 313 million. The results "are part of a generally improving trend in the group's markets, in particular with an acceleration of activity and a good volume recovery in France and Europe. They also reflect the positive implementation of the strategic initiatives of the Carrefour 2026 plan," the company points out. "The group's activity accelerated sharply in the first half of 2025, driven by the dynamism of its three main markets: France, Spain and Brazil," commented CEO Alexandre Bompard, The divestment of the 'operations' in Italy, he added, "illustrates the group's ability to refocus on its most profitable activities." Carrefour confirmed estimates for 2025 of a slight increase in Ebitda, current operating profit and net free cash flow.
