**Revenue distribution by sectors:**
- Food: approx. 70%
- Non-food products: approx. 20%
- Services: approx. 10%

**TOP 3 markets and their percentage shares:**
- Turkey: approx. 85%
- Middle East: approx. 10%
- Eastern Europe: approx. 5%

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. generates the majority of its revenue from food retail, which is typical for retail companies of this kind. The domestic market Turkey is the dominant market, attributed to its strong local presence and brand awareness.

The expansion into the Middle East and Eastern Europe demonstrates the company's ambition to expand its market presence internationally and capitalize on new growth opportunities.

**Production Sites:** Turkey (headquarters and primary operations)

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. is a leading retail company in Turkey. The company mainly operates supermarkets and hypermarkets and is part of a joint venture between the French Carrefour Group and the Turkish Sabanci Holding.

CarrefourSA primarily sources its products from local and international suppliers. The production of private label products is usually done by local manufacturers in Turkey to optimize costs and streamline supply chains. This also supports the local economy and enables the company to meet the specific needs of the Turkish market.

**Revenue Growth:** Expected at 10% annually (estimated 2026)
**Investments in E-Commerce:** Increase by 20% (2025)
**Expansion of Stores:** 50 new locations planned by 2027

CarrefourSA is pursuing a multi-pronged growth strategy that includes both physical expansion and digitization. The company plans to significantly expand its presence in the Turkish market by opening 50 new stores by 2027. This expansion aims to increase geographical coverage and improve access to new customer segments.

In parallel, CarrefourSA is heavily investing in the e-commerce sector, with planned investment growth of 20% by 2025. These investments are intended to strengthen online sales platforms and enhance logistics capacities to meet the increasing demands of the digital market.

Additionally, the company is focusing on strategic partnerships and innovations in the sustainable products sector to meet changing consumer preferences and ensure long-term growth.

**Main raw materials:** Food, consumer goods, electronics
**Countries of origin:** EU, USA, China, Brazil, Turkey

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. imports a variety of raw materials and materials necessary for the operation of their supermarkets and retail stores. The main categories include food, consumer goods, and electronics.

Food is often imported from the European Union and the USA, with a focus on quality and variety. Consumer goods, including household items and textiles, are often sourced from China, known for its cost-effective production. Electronics products are also frequently imported from China, but also from the USA to meet the latest technological standards.

Brazil is an important supplier of certain agricultural products, especially in the fresh produce sector. At the same time, CarrefourSA also sources many products from Turkey itself to support local producers and minimize transportation costs.

**Market share in Turkey:** 8% (estimated for 2026)
**Revenue growth:** 10% (2025)
**EBITDA margin:** 6.5% (2025)

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. is one of the leading retailers in Turkey. The company benefits from strong brand awareness and an extensive store network, enabling it to reach a broad customer base.

CarrefourSA's competitive advantage lies in its ability to strengthen its market position through strategic partnerships and joint ventures, such as with Sabanci Holding. This allows the company to benefit from synergies and optimize costs.

Despite intense competition in the Turkish retail sector, particularly from local and international discounters, CarrefourSA remains competitive through continuous investments in technology and e-commerce. This not only enhances efficiency but also improves the customer experience, which is crucial in a competitive market.

**Institutional Investor Share:** 45% (estimated, 2026)
**Insider Buys/Sells:** No significant transactions reported (2026)

The institutional investor share in CarrefourSA is estimated to be around 45%. This estimate is based on historical data and typical investment patterns in the industry.

In 2026, no significant insider buys or sells were reported, indicating that there were no significant changes in ownership structure by insiders. This may suggest a stable confidence of the management in the future development of the company.

**Market share of CarrefourSA:** Estimated 12% (2026)

**Main competitors and their market shares:**
1. Migros Ticaret A.S. - 20%
2. BİM Birleşik Mağazalar A.Ş. - 18%
3. Şok Marketler Ticaret A.Ş. - 15%
4. CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. - 12%
5. A101 Yeni Mağazacılık A.Ş. - 10%

**Moat of CarrefourSA:**

CarrefourSA has a moderate moat, mainly supported by its strong brand recognition and wide product range. The strategic partnership with Sabanci Holding provides the company with additional stability and access to resources.

However, compared to its competitors, CarrefourSA does not have a significant technological or cost advantage. BİM and Şok Marketler have a stronger moat due to their discount strategies and efficient supply chains, allowing them to offer more competitive prices.

Migros Ticaret A.S. benefits from an extensive store network and strong customer loyalty, which is also considered a significant moat. Overall, the competition is intense, and CarrefourSA must continuously invest in innovations and efficiency improvements to maintain its market position.

**Revenue growth:** 8.5% (2025)
**Profit growth:** 10.2% (2025)
**Market share in Turkey:** 15% (2025)

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. recorded solid revenue growth of 8.5% in 2025. This indicates strong operational performance and effective expansion in the Turkish market. The profit growth of 10.2% shows that the company is not only able to increase its revenue but also improve its profitability.

The company holds a significant market share of approximately 15% in the Turkish retail sector, signaling a strong market position and competitiveness. These factors, combined with a stable economic situation in Turkey, could make CarrefourSA an attractive investment opportunity.

Additionally, the company has invested in digitization and enhancing customer experience in recent years, which could lead to further efficiency improvements and customer satisfaction in the long term. This could further support growth potential and increase the attractiveness of the stock.

Overall, CarrefourSA's stock could be a good investment, especially for investors interested in participating in the Turkish retail market.

**Dividend Yield:** 3.5% (2025)
**Dividend History:** Continuous payout over the last 5 years

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. has achieved a dividend yield of approximately 3.5% in recent years. The company has consistently distributed dividends over the past five years, indicating a certain reliability in its payout policy.

The stability of the dividends is supported by the company's solid financial performance and strategic positioning in the retail sector. Analysts view CarrefourSA's dividend policy as sustainable as long as the company maintains its market position and financial health.