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Spar Austria Posts Record Sales, Earnings In Full-Year 2019

Published on Jul 13 2020 1:39 PM in Retail tagged: Featured Post / Austria / Spar Austria / Paywall / Spar Holding AG

Spar Austria Posts Record Sales, Earnings In Full-Year 2019

Austrian retailer Spar Holding AG has posted a 4.9% increase in consolidated net sales for full-year 2019, to €11.15 billion.

The group, which operates Spar stores in Austria as well as seven neighbouring countries, reported an operating profit before tax of €352 million for the period, as well as an EBIT margin of 3.2%, in what the group said was a 'record' year for the business.

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