French retailer Auchan Holding reported 1.5-per-cent growth in consolidated revenue in 2015, representing an increase to €54.2 billion.
Operating profits increased by 5.5 per cent, compared to the previous year. Auchan described the results as "solid", adding that 2015 was a year of "global transformation" for the company.
"2015 was a year of transition, at a particularly sustained pace. The growth in revenue is very significant in Central and Eastern Europe and in Asia, even if, end-2015, Auchan Retail was still experiencing some difficulty in France and Italy," said Wilhelm Hubner, chairman of the management board of Auchan Holding.
"With 2015 annual results globally in line with our expectations and solid fundamentals, our new organisation will allow us to move into a higher gear."
Auchan Holding is organised into three firms: Auchan Retail, Immochan and Oney Banque Accord. Auchan Holding currently operates in 16 countries.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by John Golden. To subscribe to ESM: The European Supermarket Magazine, click here.
