NETHERLANDS: Acquisition boosts Jumbo FY sales
- Net sales up 31.7%
- Like-for-like sales climb 2.7%
Jumbo's acquisition of the C1000 chain boosts its FY sales
Dutch retailer Jumbo Group has booked an increase in full-year sales, boosted by both acquisitions and like-for-like sales growth.
In the 12 month period, net sales grew 31.7% to EUR3.29bn (US$4.36bn), while like-for-like sales were up 2.7%. Excluding acquisitions, sales climbed 2%.
Sales through its C1000 chain, which it acquired early last year, were up by 1.3% to EUR4m, despite a drop in the number of stores from 422 to 385.
CEO Frits van Eerd said 2012 was "another exceptional year" for the retailer.
"Besides the completion of the integration of Super de Boer and the acquisition of C1000, we have the largest turnover ever realised and made important steps in the development of our Jumbo formula."
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