Coop Switzerland (CH) has reported its results for full-year fiscal 2012, posting a rise of 4.6 per cent in profits, amounting to CHF 452 million (€370 million). Gross sales posted marginal growth of 0.3 per cent to CHF 27.8 billion and EBITDA for the year totalled CHF 1.9 billion, an increase of 0.7 per cent.
While store sales were relatively flat, Coop's online stores saw an increase of 22.8 per cent, generating combined sales of CHF 245 million. Net revenues for the group's cash & carry business rose by more than 2.1 per cent, increasing 4.4 per cent in the wholesale division.
As of 31 December 2012 the Coop Group employed 75,309 and operated 2,128 outlets, a net increase of 28 stores on 2011. (28 Feb)
© 2013 - ESM: European Supermarket Magazine by Sadhbh Connor
