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Finland's S Group Sees Retail Sales Rise 2% In Full Year 2016

Finland's S Group, which operates more than 1,600 retail outlets in Finland, as well as a number of regional cooperatives, saw retail sales rise 2.0% last year, according to financial results just published.

The group posted retail sales of €11.02 billion, up from €10.8 billion the previous year. Profit before taxes and other deductions was €292 million, slightly down on the €299 million it recorded in 2015.

The group said that a decrease in food prices, together with legislation permitting longer opening hours, helped increase the number of customers shopping in its stores.

S Group operated a total of 1,633 retail outlets in the country at year-end, and boasted 37,839 employees.

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

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