Danish retailer Dansk Supermarked has announced that it will invest DKK 2 billion (€134.4 million) in its stores, after a successful 2015.
The group, which operators the Netto, Bilka and Salling chains, announced that it will invest the sum into the construction of new stores, the refurbishment of existing stores, and further development of the company's e-commerce platforms. It will invest DKK 1 billion in 2016 alone.
In 2015, Dansk increased its turnover to DKK 57.474 billion, compared to DKK 57.156 billion in 2014. EBITA rose by 4.4 per cent to DKK to 2,552 billion. Net profit fell slightly, as Salling Funds repurchased the business.
Dansk Supermarked chief executive Per Bank said that the group is satisfied with the results from 2015. "We have extended our financial performance, strengthened our market position across countries, and made a number of strategic investments," he said.
"At the same time, we have always managed to do something extra for our customers, with the introduction of new and exciting products, more competitive prices, and launched a new store concept."
Last year, the group expanded its Netto UK operation. Nearly 50 new stores opened in Denmark, Sweden, Poland, Germany and the UK. Danish Supermarket Group employs approximately 50,000 employees in five countries.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by John Golden. To subscribe to ESM: The European Supermarket Magazine, click here.