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Norgesgruppen Sees Operating Revenues Rise 6.8% In Full Year 2017

Published on Mar 22 2018 10:39 AM in Retail tagged: Featured Post / Norway / Kiwi / NorgesGruppen / Meny / Paywall / Joker

Norgesgruppen Sees Operating Revenues Rise 6.8% In Full Year 2017

Norgesgruppen, which operates the Kiwi, Joker and Meny chains among others, has posted a 6.8% increase in operating revenue for full year 2017.

The Oslo, Norway-based group posted sales of NOK 85.6 billion last year (€9 billion), which was up from NOK 80.1 billion a year earlier (€8.43 billion).

In its annual report, the company said that despite 'tough price competition' and margin pressures, it has been able to maintain a strong EBTIDA level, which stood at NOK 5.24 billion last year, compared to NOK 4.85 billion a year earlier.

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