DENMARK: 2013 sales, EBIT up at Dansk Supermarked
Dansk Supermarked increased share in three of its four markets
Denmark-based retailer Dansk Supermarked, which is set to switch owners, has reported higher operating profit and sales for 2013.
The grocer posted EBIT of DKK2.4bn (US$447.4m), up from DKK1.7bn last year. Turnover was up 2.3% at DKK56.86bn.
The company said: "The improved performance was made on the basis of increased focus on customers through a better shopping experience and competitive prices."
Dansk Supermarked runs stores under four banners in Denmark - Netto, Fotex, Bilka and Salling. It also has Netto outlets in Germany, Poland and Sweden.
The company said it grew market share in Denmark, Sweden and Poland in 2013 and "maintained" its share in Germany.
"Our goal is to develop a Danish-based retail business of international class," CEO Per Bank said. "2013 shows that we are well on our way to achieving this. We 're not there yet but we will continue our development for the benefit of our customers, employees and the community around us."
In January, shipping-to-oil group A.P. Møller-Maersk is to sell most of its shares in Dansk Supermarked.
Maersk agreed a deal to sell back a 49% stake in Dansk to the Salling Companies, its partner in the retail business and a group linked to the grocer's founder.
The conglomerate will keep a 19% stake in Dansk on which Salling has a call option it can activate in five years.
Canadean's "Dansk Supermarked A/S: Retail - Company Profile & SWOT Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key fac...
Netto Marknad is expected to open even more new outlets in Sweden to achieve even better geographic coverage. The majority of outlets are located in southern and western parts of the country. The chai...
The economic downturn has had a strong detrimental impact on apparel and footwear specialist retailer sales, although consumers were slightly more optimistic in 2013, which saw value sales stabilise a...
Retail closing hour regulations, which required outlets with large turnovers to close by 20:00hrs Monday to Saturday and all of Sunday, were lifted in October 2012. This had a devastating impact on th...
Grocery retailers increased by 1% in current value terms in 2012; which is a slight improvement of the half a per cent CAGR growth recorded over the review period. Gradual economic recovery improved c...
- Focus: Gen Mills turns to M&A to bolster US ops
- Focus: The impact of Heinz's stevia ketchup
- BRICs: How dairy deal bolsters Lactalis and BRF
- Comment: Kingsmill "youth" appeal bodes well
- Comment: Do not expect huge change at Danone
- Arla joins race for Egypt's Arab Dairy
- San Miguel confirms eyeing bid for United Biscuits
- Mondelez pauses production at Cadbury Oz site
- Glanbia to buy US sports nutrition firm Isopure
- San Miguel Corp., Savola "eye United Biscuits"