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Retail

First Half Sales Increase At Auchan

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First Half Sales Increase At Auchan

French retail giant Auchan has posted a 'solid performance' for its first half ending 30 June 2013, with a 4% increase in turnover (excluding petrol) to €29.8 billion.

 "In a difficult environment, Groupe Auchan turned in a solid performance despite mixed results in Western Europe and the rest of the world", the retailer said in a statement.

Operating income rose 14.8% to €583 million, while EBITDA grew by 4.4% compared to the same period in 2012, to €1.15 billion.

The retailer continued to sustain investments, up 5.8% to €654 million, 38% of which was allocated to its Western Europe division.

Auchan sold seven shopping centres and retail parks in France and 1 shopping centre in Luxebourg during the period of reporting.

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Commenting on the results, Auchan president Vianney Mulliez, said, "During the first half of the year, we saw a difficult macroeconomic environment that weighed on household purchasing power, particularly in Western Europe. Our talented teams developed quality discount activities in all areas in which we operate to help meet the needs of all our customers by offering them the best products at a better price."

 "The Group saw further organic growth in Eastern Europe and China, and parallel to this it began to integrate the Russian and Ukrainian Real hypermarkets."

He added, "The measures taken in terms of pricing policy and improvements in the offering, sourcing, and cost control must enable us to withstand an overall environment that is not expected to show any real improvement."

 

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© 2013 - ESM: European Supermarket Magazine by Ellen Lunney 

 

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