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Creditor Relations

Welcome to Creditor Relations at the REWE Group. Here you will find information about the REWE Group’s finances, our rating and recent financial market transactions. As a cooperative, the REWE Group is not a listed company.

Our scope of duties

We consider ourselves the central point of contact for all matters finance in respect of the REWE Group, with the following areas of focus:

  • Relationship management with our financial partners

  • Rating monitoring and relationship management with our rating agency

  • Financial market, investor and banking communications

  • Financial market reporting

  • Marketing of financing transactions

  • Bank tenders

  • Financial market analyses

  • Coordination of ESG issues in treasury

On a growth course.

Our total external turnover grew by 8.8 percent in the 2023 business year.

Total external revenue 2023
2022 77.2 billion euros
2023 84.0 billion euros

Total external revenue 2023

Total external revenue from continuing operations grew from 77.2 billion euros to 84.0 billion euros.

EBITDA in € million

Earnings before interest, taxes, depreciation and amortisation.

Capital expenditures (CapEx)

Capital expenditures describe capital expenditures for property, plant and equipment and intangible fixed assets.

Financing structure as of 31 December 2023
Capital market (oriented) instruments (1,898 m. euros) 1898 million euros
Real estate financing (432 m. euros) 432 million euros
Lines of credit (2,500 m. euros) 2500 million euros

Financing structure as of 31 December 2023

The REWE Group is primarily financed by these debt financing instruments.

Sustainability-Linked Bond

REWE Group was the first German food retailer to successfully make its debut on the capital market and issue a bond. This is accompanied by the direct linking of the sustainability commitment with corporate financing. Here you can find the key facts about the bond issue as well as the Offering Memorandum for download.

Key Facts:

  • Issuer: REWE International Finance B.V.

  • Volume: EUR 900mn

  • Coupon: 4.875%

  • Launch Date: 06.09.2023

  • Maturity: 13.09.2030

  • Rating: BBB (S&P)

The REWE Group pursues a central financing approach.

Dr Klaus Wirbel, Head of Finance and Group Treasury at the REWE Group
Dr. Klaus Wirbel
Dr Klaus Wirbel, Head of Finance and Group Treasury at the REWE Group

At the REWE Group, we have a rigorous financial organisation and pursue a central financing and insurance approach. The overarching goal of our financing strategy is to ensure the financial flexibility and solvency of the REWE Group and its subsidiaries and affiliates at all times. The REWE Group presents itself as a single financial entity. This means that:

  • All necessary funds and lines of credit are arranged centrally by the central Finance department,

  • Cash pooling is used to pool cash flow for the Group within the in-house bank,

  • The central Finance department is responsible for coordinating the banking and insurance strategy and negotiating banking and insurance conditions,

  • The financial and actuarial risk positions are managed on the basis of a risk strategy,

  • All internal and external payment transactions within the Group are handled centrally,

  • Major material, asset and liability risks are hedged uniformly via international insurance schemes.

An info graphic about our central financing approach

Your contacts

For us, maintaining an active dialogue with our creditors is a matter of course. Our Creditor Relations Team is always available as a competent partner.

Rainer  Nicklas

Rainer Nicklas

Director Corporate Finance

Benjamin Riedel

Benjamin Riedel

Lead Creditor Relations

Carolin Thiebes

Carolin Thiebes

Associate Creditor Relations