The balance of the largest domestic food dealer, SPAR, is mixed for the past financial year: The group including the supermarket foreign daughters, Hervis and the SES shopping centers generated sales of 21.4 billion euros, an increase of 4.5 percent. The profit before tax rose by 15 percent to 255 million euros. The group, which belongs to 93 percent of the start-up families Drexel, Poppmeier and Reisch, operates more than 3000 savings, Eurospar and Interspar markets, 31 shopping centers and 227 Hervis branches in Austria and six neighboring countries. Almost 94,000 employees work for the SPAR group, 52,000 of them in Austria.
In Austria, sales rose a little more by 5.1 percent and for the first time skipped the ten billion euros mark. The SPAR market share rose by 0.1 percentage points to 36.9 percent in the previous year. According to data from Nielseniq, competitors Rewe was 33.6 percent. SPAR, REWE and DISTRETER HOFER and LIDL cover 94 percent of the domestic market.
According to CEO Hans K. Reisch, who has been at the top since November 2023, the main brands and the proceeds from the independent savings clerks with their 664 markets have developed very well in the previous year: In the cheap brand “S-Budget”, the food dealer recorded an increase in sales of 8.5 percent and “Spar Premium” an increase of eleven percent.
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Image: Eva meets photography (Spar/Eva meets. Photography)
Source: Nachrichten
