REWE Combine achieved an increase in turnover of 3 per cent to 42.5 billion euros operating result (EBITA) increased by 29 per cent ++ Independent REWE retailers: EBITA record of 220 million euros ++ National Full-Range Stores recorded a growth of 3.4 per cent, thus outperforming the industry ++ International Full-Range Stores: increase of 1.9 per cent net of currency effects ++ Discount National Stores experienced a like-for-like growth in turnover of 1.5 per cent ++ International Discount Stores: increase of 1.9 per cent net of currency effects ++ toom Baumarkt DIY stores recorded growth of 9.9 per cent ++ Travel and Tourism posted increase in turnover of 6.9 per cent thanks to strong tour operators ++ Investments in modernisation and expansion of 1.4 billion euros in 2014
Despite a stagnation in the German food retail sector in 2014 based on information provided by GfK and a challenging economic framework in Central and Eastern Europe, REWE Group increased its total external turnover from continuing operations by 2.4 per cent to 51.1 billion euros in the previous business year; adjusted for negative currency effects, growth reached 3 per cent. “We can look back to a very successful business year 2014,” said Alain Caparros, CEO of REWE Group, at the presentation of the as yet uncertified figures in Cologne on 31 March 2015. "Our investments of 1.4 billion euros in expansion and modernisation have again brought very positive impetus to our national and international operations. Thanks to our strategy of continuous modernisation as well as innovative formats and sales concepts, we have succeeded in achieving dynamic and profitable self-driven growth – even under difficult market and competitive conditions", said Caparros. "Against this background, we are highly satisfied with our company's turnover development. At the same time, our operating result (EBITA) considerably exceeded our expectations".
The business in Germany made the largest contribution to the turnover growth with an increase of 2.8 per cent to 37.2 billion euros. Foreign turnover in eleven European countries increased by 1.4 per cent to a total of 13.9 billion euros. Negative currency effects reduced the revenue by around 300 million euros. Adjusted for these effects, the increase in turnover abroad amounted to 3.4 per cent in 2014.
The supermarkets of REWE Group in Germany proved particularly successful: the National Full-Range Stores recorded a growth of 3.4 per cent and consequently rank top in the German supermarket business in 2014. "Once again, our medium-sized REWE retailers demonstrated an excellent performance and increased their turnover by 7.4 per cent," Caparros explained. "The medium-sized independent retail constitutes the core of our cooperative group and is now more successful than ever before in our 88 years of corporate history. Our retailers represent our cooperative values, service orientation, high potential for innovation, cooperation and sustainability and have been a key driver of our positive development for many years now. Consequently, we will continue to promote and expand the business of our independent retailers in the future", said Caparros.
The food retail segment was not the only top performer at REWE Group, however. Travel and Tourism and the DIY stores also recorded an outstanding development. "Our tour operators achieved double-digit growth and thus have outperformed most of the competitors – and this also adjusted for acquisitions. At the same time, toom Baumarkt DIY stores scored one of the highest turnover increases in its history", said Caparros.