Carrefour, one of the leaders of the retail trade sector of Georgia, has published its financial report for 2023. The French company is represented by 15,000 supermarkets around the world, and it operates in Georgia, Turkey and Arab countries under a franchise agreement. The franchiser of the company in Georgia is "Majid Al Futaim Hypermarket Georgia", the Georgian subsidiary of "Majid Al Futaim Capital", one of the largest holdings of the United Arab Emirates.
According to the financial report of the company, the total revenues of the supermarket chain increased by 8.6% to 804.8 million GEL in 2023.
In 2023, the prime cost of goods sold by "Carrefour" in Georgia amounted to 626 million GEL, while operating expenses were 163 million GEL. Accordingly, the cost of production plus operating expenses totaled 789 million GEL, therefore the operating profit of the company was 15.4 million GEL.
"Carrefour" notes in the financial report that in 2023 they increased the salaries of employees by 9 million GEL to 62.7 million GEL.
According to the report, last year the company had financial expenses of GEL 12 million and financial income of GEL 2 million. In total, "Carrefour" ended the year 2023 with a net profit of GEL 5.7 million in Georgia.
"Carrefour" is represented by 95 facilities in Georgia, among which the company opened 1 hypermarket, 2 supermarkets and 17 small format supermarkets in 2023. The company employs a total of 2,917 people.
By the end of 2023, the total number of customers exceeded 33 million.
