Turkish retailer Migros Ticaret said it delivered a “solid” performance in 2012, emphasising that it remains focused on growing its core supermarket business.

In the 12 months to the end of December, Migros booked an 8% increase in consolidated EBITDA to TRY430m (US$239m) with a margin of 6.6%, which the retailer said was “ahead of target”.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Net sales climbed 12.7% to TRY6.48bn, while international operations delivered revenues of TRY396m, an increase of 12.3% on last year.

Migros said it continued to successfully implement its new store opening strategy last year, opening 137 stores, bringing the total number to 882 comprising: 159 supermarkets, two hypermarkets and five Ramstores outlets.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now