The Tengelmann Group completed its 149th year with a consolidated net revenue of €8.24 billion a 4.5% increase YoY

Mülheim an der Ruhr, 2016-Jul-08 — /EPR Retail News/ — The Tengelmann Group completed its 149th year with a consolidated net revenue of €8.24 billion, up 4.5% from the previous year when currency effects are taken into account. “2015 would have been a very good year for Tengelmann if it hadn’t been overshadowed by the drawn out handover process of our supermarket business,” says Karl-Erivan W. Haub, Managing Director and personally liable partner of the Tengelmann Group at today’s annual press conference in Mülheim an der Ruhr.

He concedes that with the positive ministerial ruling in March 2016 the aim of selling Kaiser’s Tengelmann in its entirety has almost been reached. The bargaining partners’ negotiations to meet the conditions are currently progressing with high intesity in all regions, a basic understanding has been established. “The process is out of my hands, but I have been assured that the required collective labour agreements may be completed by the end of this month,” Haub continued confidently.

The annual report published today bears the title “Setting the Agenda”. Karl-Erivan W. Haub notes that: “The Tengelmann Group is in the closing stages of an incremental transformation process that began in 1999/2000. We have re-erected our family firm”. After handing over the grocery business, the Group is now focusing on its trading companies OBI, KiK and TEDi – each of which is the clear market leader in its respective industry. “In trade size is not be the only prerequisite for the sustainable success of the company, but it is one of the major factors,” says Karl-Erivan W. Haub. Our business commitments are complemented by the two global companies Tengelmann Ventures and Emil Capital Partners as well as a large international property portfolio of Trei Real Estate.

Do-it-yourself – OBI
With the opening of 48 former bauMax stores in Austria (end of 2015) and 14 in Slovakia (beginning of 2016) OBI is securing its position as the market leader in these two countries. In addition, it expanded its presence in the countries of central Europe (Germany, Austria, Italy, Poland, Czech Republic, Hungary, Russia, Slovenia, Slovakia as well as Bosnia and Herzegovina). With 46,440 employees, the number one in the DIY store business generated a net turnover of €5.57 billion, a drop of 0.7% from the previous year (or +2.7% when adjusted for currency exchange effects). “It could have been an even more successful year for OBI,” points out Karl-Erivan W. Haub “if revenue in Russia had not been hit so hard by the recession and the drop in value of the rouble.” At the end of the year, the company was running 631 stores in eleven countries, of which 353 were in Germany. Here, OBI was able to assert – despite the ever increasing competition trying to displace it – its leading position and to increase its revenue by more than the industry average.

Clothing – KiK
Basic textile items and household textiles as well as household goods are the main items in KiK’s range, which has been available to customers online since 2013. In the last financial year alone, the company registered over 11 million visitors to its website With 3360 stores and 24120 employees in Germany, Austria, the Netherlands, the Czech Republic, Slovenia, Hungary, Slovakia, Croatia and Poland, KiK posted revenue of €1.82 billion in the last financial year, an increase of 8.2%. In the domestic market, KiK was therefore able to clearly set itself apart from the stagnant growth of the textile industry. “A significant reason for the continued success of KiK is the re-alignment which began three years ago: It moved away from being a discount store to a likeable local supplier,” explains Karl-Erivan W. Haub. With the roll-out of the successful KiK17 store design, revenue in the modern stores rose significantly by an average of 18%.

Local supplier – TEDi
“Our local non-food supplier TEDi was also able to build upon its market position in the last financial year,” says Karl-Erivan W. Haub. With an increase in revenue of 7 per cent (on a like for like basis) this positive revenue trend was once again confirmed. The intensive re-designing of the stores in accordance with the new “TED+” concept made a significant contribution to this. A modern appearance, the clear presentation of goods and energy-efficient lighting distinguish the new locations which at the end of 2015 already made up around 20 per cent of the entire network of stores. As well as Germany, TEDi is represented in five other European countries.

E-Commerce – GmbH has everything babies and infants require. The principal source of revenue is the online shop in Germany and 12 European countries. With its two stores in Dortmund and Duisburg, the company is also developing a cross-channel strategy. “ wants to combine the ease of online purchasing with advice for young parents,” says Karl-Erivan W. Haub. Competent customer service and diverse consultancy services via social media and advice sites complete the range. Revenue has grown to €74.6 million.

Venture Capital – Tengelmann Ventures (TEV)
Through Tengelmann Ventures GmbH (TEV), the Tengelmann Group has, since 2009, been investing in start-ups in the areas of consumer internet, marketplaces and technology. It supports its portfolio companies with financing expertise and management know-how as well as with infrastructure services. “With around 40 holdings, TEV is now one of the leading venture capital investors in Germany,” explains Karl-Erivan W. Haub.

Venture Capital – Emil Capital Partners (ECP)
The US venture capital business of the Tengelmann Group is linked with the subsidiary Emil Capital Partners (ECP). The portfolio currently comprises 24 investments in the USA, Canada and Israel. The company predominantly adds start-ups to its portfolio which have already passed the seed phase, have shown initial success and have the potential to grow strongly. “The ECP also supports these companies not only financially, but also with our knowledge of the market, operative experience and management expertise,” explains Karl-Erivan W. Haub.

Property – Trei Real Estate
Trei Real Estate took care of around 470 properties in the 2015 financial year with approximately 650 individual rentals in seven countries. “For Trei, 2015 was characterized by a strategic re-alignment: In future the company will be increasingly active as a property investor with its own development potential and a focus on trade and residential,” explained Karl-Erivan W. Haub. In Germany the focus is on residential properties in regions with a strong infrastructure, whilst in Poland, the Czech Republic and Slovakia the development of specialist retail centres under the name “Vendo Park” continues to be pushed forward. In future the creation of value from the property portfolio is to be reinforced with an active asset management system. A corresponding portfolio of trade and residential properties forms the basis here.

Additional holdings – Netto
With its nationwide network of stores, Netto Marken-Discount is an established name in the food retail industry. In 2015 the company achieved revenue of €12.3 billion, which corresponds to an increase of 2.8% compared to the previous year. Modernisation of the stores was the focus in the last financial year. Alongside the discreet appearance, the stores are given a generous room arrangement as well as energy-efficient facilities. There was also an extension to the bake-off stations in 750 stores. In addition, Netto is the first discounter to offer its customers the benefits of the Deutschland Card.

Additional holdings – Zalando
Zalando is one of the biggest success stories in German e-commerce. In a few short years the Berlin start-up grew into Europe’s leading online platform for fashion which is now active in 15 European countries with more than 135 million visitors every month. Tengelmann was early to recognise the potential of Zalando and invested shortly after it was founded. Zalando concluded the 2015 financial year with net revenue of almost 3 billion euros, which is a 34% increase. It was the second profitable year in succession.

Companies no longer operating
For Kaiser’s Tengelmann GmbH and its subsidiaries, the meat factory Birkenhof and the timber factory Ligneus as well as for Bringmeister GmbH, the 2015 financial year was shaped by the continued approval procedure for the sale to the EDEKA Group. The activities of the companies were therefore predominantly directed at the maintenance of business operations. Despite the uncertainty, this was done in the best way possible thanks to the commitment of the management as well as all employees.

The Tengelmann E-stores are also part of the package being sold to the EDEKA Group. Under its umbrella the two online shops and profit from a joint infrastructure. The universal supplier offers its customers more than 260,000 articles. has established itself as a shop specialising in gardens and balconies for three years and in 2014 expanded to Austria. With a significant increase in revenue, the course for growth taken in the previous financial year could be successfully continued.

Future prospects
“After a number of painful decisions in the past, the Tengelmann Group sees itself as being best equipped for the anniversary year of 2017,” says Karl-Erivan W. Haub. “Now it is essential that we successfully conclude the sale of Kaiser’s Tengelmann and the Tengelmann E-stores to the EDEKA Group without having to liquidate them individually.”


Tengelmann Group
Public Relations

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Email: public-relations(at)

Head of Public Relations/Press spokeswoman

Sieglinde Schuchardt
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Press office

Justine Zagalak
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Sandra Rudolph

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Ann-Kathrin Kleemann
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Claudia Heidbreder
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Email: cheidbreder(at)

Source: Tengelmann Group