Auchan has attributed an increase in full-year sales and earnings to its “firm” performance in France, Russia and China.
The French retailer said that total sales rose to EUR42.5bn (US$59.1bn) during 2010, a 7.1% increase year-on-year.
Go deeper with GlobalData
However, excluding petrol sales and currency exchange, revenues rose 4.9%. New store space contributed 3.6% to total sales gains, while like-for-like revenues expanded by 1.3%.
Auchan said that its performance was boosted by a solid growth rate of 3% in France – its largest market accounting for 46% of group sales. Meanwhile, revenues in central and eastern Europe and Asia jumped 22.7%. In western Europe, excluding France, sales gains trailed at 1.1%.
Commenting on the result, Auchan chairman Vianney Mulliez, said that sales were boosted by a “firm business performance” in three “major” countries – France, Russia and China. “Together with eastern Europe, these countries drove our revenue growth,” he said.
During the year, EBITDA rose by 7.1% climbing to EUR2.51bn, while net profit rose 6.6% on the year, rising to EUR742m.
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.
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 GlobalDataClick here for the full release, or check back later for just-food’s insight into Auchan’s full-year.
