Central & Eastern Europe news & analysis

17 January 2013
Netherlands-based Ahold has said in a trading statement that net sales rose by 5.1% in its fourth quarter, at constant exchange rates, to reach €7.8 billion. Strong performance seen in Netherlands and US The company said that in the US , during the fourth quarter, sales were up by 4.3%, in dollar terms, to reach US$6.1 billion (€4.7 billion). Comparable sales were up by 2.8%. At Ahold USA ...
17 January 2013
Delhaize Group has reported revenue growth of 2.9% at €22.7bn for the full year 2012, with mixed performance across international markets. Preliminary operating profit is reported to have declined by 17.5% in line with guidance. Domestic performance improving Having had a difficult year, Delhaize saw revenues in Belgium grow by 2.4% in Q4, and full year revenues increased by 1.6% to €4.9bn....
16 January 2013
Zabka has announced that it will add a further 400 stores in 2013 as part of its aim to operate 5,000 in the country by the end of 2017, up from 3,000 at the end of 2012. Company to expand organically and through acquisitions To meet its target in 2013, Zabka said it would invest PLN1.5 billion in adding new stores under both the Zabka and Freshmarket brands. Expansion will come about both th...
16 January 2013
Metro Group has reported sales growth of 1.2% to €66.7bn for the full year 2012, delivering earnings in line with its revised guidance of €2bn. Christmas trading "satisfactory" Q4 saw a slow start to Christmas trading, but momentum gained towards the end of the year and Metro has described the result as "satisfactory", particularly at Media-Saturn which saw sales grow by 1.3% during the pe...
14 January 2013
X5 Retail Group has announced its preliminary sales results for 2012, amidst further management changes. Three key management changes At last week’s Board Meeting, the acting CEO Stephan DuCharme was made statutory CEO, subject to approval at the AGM in April. Kieran Balfe, X5’s CFO handed his resignation in, effective as of March 2013 and Sergey Piven will become the new CFO, having pr...
14 January 2013
Metro Group has announced plans to double the number of franchise stores it operates under the La Doi Pasi banner in Romania. Ambitious growth plans Developed by Metro as a franchise scheme to support traditional retailers, La Doi Pasi became the largest network of neighbourhood stores in Romania in 2012.  The retailer currently operates c.500 stores in the region, and has stated its amb...
11 January 2013
Portugal-based Jerónimo Martins has announced that preliminary sales for 2012 saying that group sales had risen by 10.5% to €10.9 billion. Biedronka remains engine of sales growth in 2012 The company said that ‘Biedronka had another strong year’, aided by the addition of 263 stores and like-for-like growth of 6.4%. Although the market environment weakened over the course of 2012, with the pac...
11 January 2013
Rewe Group has announced plans to continue to invest in its operations in Austria, while it has also revealed an intention to rebrand its Penny XXL banner in Romania. Investment to continue in Austria According to reports in WirtschaftsBlatt, Rewe’s Austria-based supermarket division, Billa, will invest €100 million in refurbishing 100 stores and adding 30 more. At the same time, the compan...
10 January 2013
Russian retailer, Magnit, has announced double digit sales growth in its preliminary unaudited results for 2012 An encouraging year for Magnit The sales, of RUB 448,486m, reflect an increase of 33.6% compared to 2011. The retailer has consistently reported strong results throughout the year - +33% in H1, +36% in Q3 . New stores helping drive growth An impressive store opening rate ...
10 January 2013
GPA, Casino's Brazilian subsidiary, and Intermarche Poland are both expanding through the Drive, click and collect for grocery, concept, according to reports. Retailers investing in Drive across markets Reports state that French retailer Intermarche is preparing to launch a Drive service for grocery in Poland this quarter and GPA , Casino's Brazilian  subsidiary, began operating a Drive ...