German retail giant Rewe has reported “solid” growth from its businesses outside the country in 2009.
Rewe’s international division, which is based in Austria, issued a financial update for its stores in Austria and nine other European countries including Italy, Russia and Poland.
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Rewe, which also has stores in Croatia, the Czech Republic, Slovakia, Bulgaria, Romania and Ukraine, booked a 6% rise in sales to EUR11.55bn (US$15.76bn).
“An increase in turnover, market share and jobs – and in one years of pervasive economic crisis. I think we can be rightly proud of what we have done in the past year,” said Frank Hensel, CEO of Rewe International.
At the end of 2009, Rewe had 43 stores fewer than in 2008. Its store network stood at 3,561 outlets across the ten countries.
Rewe’s group financial results, including its domestic business, will be announced on 8 June.
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