Netherlands 2016 results round-up

Date : 05 January 2017

As Netherlands-based Coop Supermarkten, PLUS and Sligro announce preliminary 2016 results, we round up how each has performed against average market growth of about 2.5%.

Coop enjoyed revenue growth of 3.3%

Coop announced revenue rose 3.3% versus 2015 to over €1.1 bn. The company did not strip out the 53rd week from 2015’s results, suggesting that total sales rose more on a comparative 52-week basis. Coop said that its results had been driven by continued expansion, it opened four net new stores; existing customers spending more with it; and an uptick in footfall. A store renovation programme – which included both modernisation of existing sites and relocations – saw investment made at 12 stores during 2016.

Looking ahead to 2017, Coop said that the modernisation, relocation and expansion of existing stores would continue, while the successful trialling of the Coop Today format should enable its further expansion during the year. To support its brand building with shoppers, the retailer is set to launch a new TV campaign.

PLUS grows strongly too…

PLUS said total sales rose 3.7% to €2.26 bn. The retailer did not publish an organic sales figure for the full year, but its chief executive, Jan Brouwer, stated in November that up until then it had seen them rise by ‘around 3.3%’. Echoing Coop, PLUS said that its sales had been driven by the remodelling and modernisation of 35 stores, while the launch of the first store under its new concept, in Abcoude, which added about 400 products to the range, and blurred the distinction between supermarket and foodservice proving popular.

PLUS also advanced its online capabilities and coverage in 2016. Online ordering was made available at 225 supermarkets, while the retailer operated 150 pick-up points either in-store or nearby by the end of the year. Meanwhile, a new app was launched and a faster fulfilment option provided by the introduction of PLUS Express.

…While Sligro-owned EMTÉ loses out

Despite Sligro announcing that revenues rose 5.4% to €2.8 bn, the company’s foodservice division, which saw total sales rise 8.6%, strongly offset weakness at its food retail arm, EMTÉ, where sales fell by 1.7% in the full year to €827m. At EMTÉ like-for-like sales declined by 1.6% in the full year, with a better performance seen in the fourth quarter, with like-for-like sales down 0.1%.