Ulysse Hyper Distribution (UHD), part of the UTIC group of its founder, the late Taoufik Chaibi, now run by his son Nabil Chaibi and better known as Carrefour Tunisia, has posted a net profit of 9 million euros for the 2022 financial year, compared with a profit of 8 million euros in 2021, representing growth of 12.5%.
In terms of sales, Carrefour Tunisia, which operates in three distribution sectors: hypermarkets under the Carrefour name, supermarkets under the Carrefour Market name and Carrefour Express for mini-markets, generated sales of 376 million euros in 2022, compared with 342 million euros the previous year, an increase of 34 million euros (+10%).
In Tunisian dinars, UHD achieved a net profit of almost 30 million dinars on a record turnover of around 1.255 billion dinars, which was supported by the inflationary context. In fact, inflation exceeded 10% in 2022, mainly due to the increase in food prices, which rose by 14.6% compared to 2021.
This increase is mainly due to the rise in the price of eggs by 38.9%, sheep meat by 26.3%, edible oils by 22.8%, beef by 19.5% and fresh vegetables by 17.2%.
It should be noted that the French Carrefour group holds 25% of the capital of UHD, which is the smallest share (together with the Belgian subsidiary) among the associated companies.
The net result of the French retail giant’s group was 1.35 billion euros last year, compared with 1.07 billion euros in 2021, i.e. a growth of 16%.