Germany's Rewe Group Sees Sales Up 6.7% In Full-Year 2017
Germany's Rewe Group has posted a 6.7% increase in revenue, to €57.8 billion, with its retail arm, Rewe Combine, posting an 8.3% increase, to €49.4 billion, the company has announced.
Rewe Combine saw sales rise by 9.5% in Germany and 5.7% overseas, however, this was boosted by the takeover of former Kaiser's Tengelmann branches in Berlin, Bavaria and North Rhine-Westphalia, and the formation of Supermärkte Nord Vertriebs GmbH & Co. KG (SuNo).
If special items are excluded, Rewe Combine posted a revenue increase of 4.4%.
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