German retailer Globus Group has reported a 13.6% increase in sales in its full-year 2021/22, to €8.82 billion, during what the company described as 'turbulent times'.
The St. Wendel-based firm, which operates hypermarkets, DIY stores and a real estate operation, reported EBIT of €280.4 million in the period.
'Well Positioned'
"As a company, we are demonstrating strength and resilience in these challenging times and are therefore well positioned for the future," said Matthias Bruch, Globus managing director.
"Our special corporate culture, which focuses on the customer [...], and our Globus strengths, which have always included consistent customer orientation, manual production on site, specialist advice, a wide and deep range as well as a excellent value for money, are proving their worth in the current overall economic situation.”
Its hypermarkets division saw sales growth of 14.9% last year, to €6.77 billion. It increased its store count by ten over the period – including the integration of nine former Real stores – giving it a portfolio of 92 Globus outlets and one Globus Fresh at the end of the year.
The company cited its latest store opening, in Neunkirchen, as representing the latest iteration of its hypermarket concept, which has "exceeded our expectations, both in terms of customer numbers and sales," according to Thomas Hewer, spokesman for the management of Globus Markthallen.
Globus DIY
Elsewhere, Globus DIY stores marked their 40th anniversary this year, achieving sales of €2.04 billion during the financial year, a 9.5% increase.
The group operates 90 Globus DIY outlets, and said that it will focus on further developing its range, upskilling its employees and establishing a range of new services as it looks to bolster its DIY offering.
According to Bruch, the company is also investing in its sustainability strategy, sourcing more local products where possible, optimising its transport routes, and utilising resource-saving materials in its construction and refurbishments.
"It's about continuously taking responsibility and constantly striving for improvement, especially in our core business, in terms of sustainable production and the efficient use of resources," he said.
© 2022 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.
