Three questions to Telerik Schischmanow
REWE Group’s Chief Financial Officer (CFO) on a successful 2024, his favourite figure from the annual report and major investments.
1. How satisfied are you with the REWE Group’s performance in 2024?
In light of the difficult economic and geopolitical situation worldwide, we are very satisfied with the REWE Group’s performance. Despite the ongoing challenges, the Company achieved its best-ever results in 2024.
2. What’s your favourite figure from the 2024 Annual Report?
The net profit of more than 1 billion euros, which we generated for the first time in the Company’s nearly 100-year history and which saw us report 11 billion euros in equity at the end of 2024.
3. Real estate, debt and major investments: What exactly are the REWE Group’s plans for the future?
We want to continue growing and, by extension, investing heavily in our business in Germany and Europe going forward. We plan to invest 16 billion euros in real estate, warehouse infrastructure, digitalisation, sustainability and innovation between 2024 and 2028. The level of debt we have is comparable to that of other large retail companies and is normal for a growing corporate group. Thanks to our excellent S&P rating and sound financial and balance sheet ratios, we are able to obtain attractive conditions for debt financing and to continue growing in the future.