German retailer Rewe Group has posted its best operating results in the company's history, with revenue growth of 3.7 per cent to €52.4 billion in the 2015 financial year.
The group, which incorporates trade and tourism companies, saw an EBITA increase of 12 per cent to €587 million. Revenue rose by 2.6 per cent in Germany and 6.8 per cent abroad, adjusting for currency effects.
In its German retail segment, the Cologne-based company grew by 4.4 per cent in its full-range stores, and by 10.6 per cent in its medium-sized Rewe retailers. The external revenue of Rewe supermarkets (branches and partners) increased by 5.5 per cent, compared with the previous year.
The group presented its as-yet-uncertified figures in Cologne this week. The annual profit for 2015 is estimated to have increased by around 22 per cent, compared to the previous year, to €383 million.
"Firstly, we have benefited from the consumer behaviour of consumers in Germany, especially in the last three months of 2015. Secondly, our enormous investments in the continuous modernisation of our food-retail operations are paying off," said Alain Caparros, chief executive of Rewe Group.
"The revenue of our supermarkets has once again grown considerably stronger than the industry as a whole."
© 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.
