Revenue trend in REWE Combine’s business segments and divisions
Revenue of the Retail Germany business segment (REWE stores and PENNY) grew by 6.8 per cent to 37.4 billion euros. The Retail International business segment, which includes the Austrian supermarkets (BILLA, BIPA, ADEG), the CEE supermarkets (BILLA, IKI) and PENNY International, went up by 10.5 per cent (10.2 per cent adjusted for exchange rate effects) to 17.3 billion euros.
National Supermarkets achieved a revenue increase of 6.1 per cent to 28.4 billion euros. This included the retail revenue of the REWE branches and wholesale revenue with retailers and other partners.
At International Supermarkets (Austria and CEE) revenue increased by around 11 per cent to more than 11 billion euros. In the Austrian supermarkets (which include BILLA, BIPA and ADEG), revenue rose by 4.2 per cent to 7.3 billion euros. In the CEE supermarkets (BILLA, IKI), revenue was 13.4 per cent higher at 3.5 billion euros.
PENNY Deutschland generated a revenue increase of 8.9 per cent to 8.8 billion euros in 2022. With the number of stores in the network virtually constant at 2,135, the number of customers climbed significantly by almost 11 per cent to more than half a billion.
Revenue at PENNY International, which operates in Italy, Austria, Hungary, Romania and the Czech Republic, increased by 16.7 per cent to 6.6 billion euros. After adjustments for exchange rates, PENNY expanded the most in Romania, growing by more than 27 per cent, followed by Hungary and the Czech Republic.
The Convenience business segment, including the national and international business of the Lekkerland Group, was up by 4.2 per cent to 14.2 billion euros. In Germany, revenue of the REWE To Go stores rose sharply, up more than 11 per cent.
Revenue in the DIY Stores business segment expanded by 8.7 per cent year-on-year to 2.6 billion euros.
Travel and Tourism revenue increased significantly compared with the previous year, more than doubling to 5,7 billion euros. “In summer 2022, Europeans regained their desire to travel, and business returned to pre-crisis-levels at the tour operators of DER Touristik. DER Touristik Group recorded a very strong summer of travel across all source markets, with revenue in some parts even exceeding the 2019 level”, says Lionel Souque, summarising the encouraging trend.