Retail

Dansk Supermarked Sees Marginal Revenue Increase In 2016

Share this article

Denmark's Dansk Supermarked Group, which operates the Netto chain, has posted revenue growth of 0.7% in 2016, recording a total of DKK 57.9 billion for the period.

Total profit for the year was impacted negatively by higher depreciations and the closure of Netto UK, but the group maintained its position as the strongest Danish retailer financially.

New Initiatives

"Our continued strong performance enables us to invest in future growth through the launch of new, innovative initiatives that improve the everyday lives of our customers. At the same time, we have ensured that we maintain fiercely competitive," said Per Bank, CEO of Dansk Supermarked.

"In the coming years, we will strengthen our position in Denmark through improved utilisation of digital opportunities and continued investment in our physical stores. In addition, we will increase the pace of expansion in Sweden and Poland, where we continue to see great opportunities for Netto."

E-Commerce

Dansk Supermarked invested heavily in digitisation in 2016, and the company aims to increase its e-commerce initiatives with the upcoming launch of the wupti.com marketplace, the introduction of click-and-collect online grocery services in Bilka, and the subscription scheme ØKO+.

"Our financial strength makes it possible to further digitise the company, while we continue to develop our product range at lower prices to the benefit of our customers," said Bank.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days

Copyright © 2022. All rights reserved. Developed by Square1 and powered by PublisherPlus.com