Italian retailer Esselunga has ended 2012 with a turnover of €6.8bn, up 3% on 2011.
Prices held at 2011 levels
Esselunga achieved the sales growth without increasing prices, according to the press reports. The retailer invested some €380m in 2012, in real estate development projects. One of these is a large store in central Milan, one of the largest in the area, which we saw under construction on a visit to the city in October last year. Operating income for the year was estimated at €360m.
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