French retail group Les Mousquetaires, which operates the Intermarché grocery chain, saw sales rise by 4.1% across its European operations in 2017.
The group's six banners, Intermarché, Netto, Bricomarché, Brico Cash, Poivre Rouge and Roady, together achieved sales of €37.58 billion, while its agri-food division, Agromousquetaires, posted sales of €4.02 billion, giving the company a total of €41.6 billion.
Its core food retail brands, Intermarché and Netto, saw sales of €33.49 billion last year, including fuel, representing growth of 4%.
In the group's home market of France, the market share of the two food chains reached 14.6%, with turnover of €31.09 billion, due to sales increases at Intermarché (+4%) and discounter Netto (+3.3%).
Intermarché is currently the fastest-growing food retailer in France, according to the most recent market share figures from Kantar Worldpanel.
Continued Growth
"The growth of the group in 2017 and the acceleration of our market share in Food confirm the strength of our model," said Didier Duhaupand, chairman of Les Mousquetaires.
"In 2018, we will continue this momentum by strengthening the performance of our points of sale. We will also continue our work on the major challenges of trade, first and foremost the digital transition."
In January, Les Mousquetaries acquired a minority stake in organic grocer Les Comptoirs de la Bio, which Duhaupand said will allow for further growth in the organic retail sector.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.
