Spar International reports global sales of €37.1bn in 2019
In Western Europe sales grew to €22.9bn equating to 62 per cent of Spar’s global turnover. Within this region SPAR Austria experienced the highest revenue of €7.2bn, making it the market growth leader for the tenth year in a row.
Central and Eastern Europe recorded the most significant increase in sales of 6.83 per cent across 11 countries to a historic high of €6.2bn.
SPAR also maintained its growth trajectory in Africa and the Middle East with sales of €6,06bn with more than 60 per cent of total revenue coming from larger format SUPERSTAR stores.
In the face of intensified international competition, the SPAR brand has again delivered exceptional results,” said CEO of Spar International, Tobias Wasmuht. “A common trend across many of our markets in 2019 was the outperformance of the SPAR brand versus key local and global competitors. The strength of our international network and growth in our distribution and supply chain operations have delivered significant competitive advantages for our stores and retailers, allowing agility and a speed of response to changing consumer and market trends.”