Carrefour Sa (CRERF) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.097 day and thank you for standing by. Welcome to the CAFWA Fall Year 2024 Results, 00:00:05.097 -- 00:00:10.222 Webcasts and Conference Calls. At this time, all participants are in a listen-only mode. 00:00:10.222 -- 00:00:13.646 After the speaker's presentation, there'll be a question and answer session. 00:00:13.646 -- 00:00:19.272 To ask a question during the session, you will need to press star 1 and 1 on your telephone. 00:00:19.272 -- 00:00:23.136 You will then hear an automated message advising your hand is raised. 00:00:23.136 -- 00:00:26.640 To withdraw your question, please press star 1 and 1 again. 00:00:26.640 -- 00:00:30.440 Please be advised that today's conference is being recorded. 00:00:30.440 -- 00:00:33.724 I would now like to hand the conference over to your speakers today, Mr. 00:00:33.724 -- 00:00:37.469 Bompard, Chairman and CEO, and Mr. Monlige, CFO. 00:00:37.469 -- 00:00:40.350 Please go ahead. 00:00:41.655 -- 00:00:46.621 Thank you. Good afternoon, everyone. Thank you for joining us for the presentation of 00:00:46.621 -- 00:00:49.602 our 2024 results. 00:00:49.825 -- 00:00:56.234 In a nutshell, 2024 was a challenging year for European food retailers. 00:00:56.234 -- 00:01:00.410 Consumption was weak and markets were competitive. 00:01:00.410 -- 00:01:06.416 In this context, Carrefour decided to invest in its competitiveness 00:01:06.416 -- 00:01:09.139 and pursued its transformation 00:01:09.139 -- 00:01:11.382 at a high pace. 00:01:11.382 -- 00:01:15.806 Overall results show steady delivery. 00:01:15.806 -- 00:01:21.612 We see growth in recurring operating income at constant Forex, 00:01:21.612 -- 00:01:23.835 growth in EBITDA, 00:01:23.835 -- 00:01:28.810 and the net free cash flow in line with expectation...