German retail group Globus has posted turnover of €7.52 billion in its fiscal year 2017, ending June 30, representing an increase of 6.2% compared to the previous year.
The group's hypermarket business in Germany achieved sales of €1.4 billion, up by over 25%, while Globus Czech Reupublic saw sales increase by €19.3 million to €971 million.
"We have continued to develop in performance for our customers and in our productivity," said Christian Heins, finance director of the Glouus Holding.
"The developments in the hypermarket stores and Globus Czech Republic show that we are on the right track."
Group Performance
Elsewhere, Globus said that it recorded strong trading in its hardware store business, while its Russian unit continued to further expand its market position.
The group made investments of over €300 million during the financial year, including the construction of new markets in Rüsselsheim and Odinzovo, and the addition of self-service technology, bakeries, sushi bars, and salad bars to its stores.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up for ESM: The European Supermarket Magazine.
