Dutch Retailer Plus Posts 3.8% Increase In Revenue In FY 2018
Dutch retailer Plus has reported revenue growth of 3.8%, and a turnover of €2.5 billion in financial year 2018.
Market growth, up to and including week 51, amounted to 3.3%, the company said.
It is also the fifth consecutive year when its revenue growth exceeded market growth.
'A Great Achievement'
Commenting on its performance, the general manager of Plus, Duncan Hoy, said, "It is a great achievement that Plus in this competitive industry has been able to beat the market for five years in a row.”
Growth was primarily driven by increased focus on e-commerce, which resulted in turnover from online sales increasing by 40% in the financial year.
The retailer had reported a turnover of over €1.2 billion for the first half of 2018, saying that it is growing faster than its competitors in the Netherlands.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.