Carrefour Announces New Share Buyback Program Following Strong 2023 Financial Results

Carrefour has initiated a share buyback program with a ceiling of 700 million euros, following its robust performance in 2023 and significant cash generation. This move aligns with the Carrefour 2026 plan's commitments, demonstrating the Group's strategy of balanced capital allocation among ongoing investments, external growth, and shareholder returns. The Group's intention to buy back shares is complemented by the decision to pay a dividend of €0.87 per share, amounting to a total of 600 million euros.

The share buyback program, aimed at achieving an optimal balance between the company's growth and shareholder value, signals management’s confidence in Carrefour's operational efficiency, structural Free Cash Flow, and business prospects. The program, which will be executed in multiple tranches starting March 4, 2024, seeks to retire the repurchased shares. This action receives support from a mandate signed with an investment service, in alignment with the approval from the 2023 General Shareholders' Meeting and the potential approval of the 2024 Meeting.