Carrefour SA (ENXTPA:CA) will seek acquisition. Alexandre Bompard said, "We will generate EBITDA growth that is structurally higher than the increase in CapEx, contributing to a significant growth in net free cash flow with the 2026 target of more than EUR 1.7 billion. This net free cash flow will enable us to pursue our annual ordinary dividends positively expected to grow by at least 5% per year.

The remaining liquidity will be used selectively to pursue acquisition opportunities and to continue the share buyback program on an annual basis. As you can see, this is a value creation plan for Carrefour for our stakeholders, especially our shareholders and now our employee shareholders as well".