Strong Christmas sales have not been enough to stop Belgian retailer Colruyt seeing revenue growth slow during the third quarter of its financial year.

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The company said today (30 January) that its revenue for the nine months to 31 December stood at EUR4.77bn (US$6.11bn), a rise of 13% of the year.


The figures indicated that Colruyt’s sales had slowed during the third quarter of its fiscal year. During the first six months of Colruyt’s fiscal year, sales jumped 14% to EUR3.09bn.


Nevertheless, Colruyt said “strong sales momentum” over Christmas had helped push its retail turnover up 12.2% over the first nine months of the fiscal year to EUR3.66bn.


Turnover from Colruyt’s wholesale and foodservice operations grew 13% to EUR792m over the nine-month period.

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Revenue from Colruyt’s “other activities” rose 22.9% to EUR320m, thanks in the main to the company’s DATS-24 petrol stations.

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