German retail giant Rewe (22 March) booked a 2.7% rise in turnover to EUR50.9bn (US$68.9bn) thanks to organic growth and expansion at home and abroad.

The company said revenues from its “core” business – excluding independent retailers – grew faster, increasing 4.8% to EUR37.4bn.

In Germany, sales climbed 2.6% to EUR34.6bn; overseas revenues were up 2.9% at EUR16.3bn.

“The healthy overall development of the core companies as well as the group as a whole is mainly due to our organic growth and carefully considered acquisitions in Germany and abroad – along with investments totalling around EUR1.4bn,” said CEO Alain Caparros.

“We are very satisfied with developments. Rewe Group’s earnings (EBITA) are expected to exceed the previous year’s record figures of EUR708m.”

Rewe will publish its full financial figures in June.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.