UK wholesaler Booker Group has reported a jump in first-half sales, which were boosted by the contribution from Makro and like-for-like growth.
The company said total sales in the half to 13 September rose by 16.5% year-on-year.
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Gains were driven by the inclusion of sales generated at Makro, which was formally purchased from German retail giant Metro Group in a deal worth GBP139.7m (US$224.5m) earlier this year.
Booker said it is making progress turning around the struggling Makro chain, with the fall in non-tobacco sales decelerating as the year progressed. Sales dropped 1.9% in the half, but sales were down just 0.6% in the second quarter. Integration is “on track”, Booker said.
Like-for-like sales, excluding Makro revenues, increased by 2.3%. Booker said both its Booker Wholesale arm and its Booker Direct delivery business had “good” halves, with warm summer weather proving a boon for Booker’s retail customers.
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Booker added it pushed ahead with its plans to expand in India. It opened two new outlets in the period, bringing the number of wholesale branches to six.
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By GlobalDataBooker will deliver its interim results on 17 October.
