S Group’s retail sales increased by 2.2% in January–March 2017

S Group’s retail sales increased by 2.2% in January–March 2017

 

Helsinki, Finland, 2017-Apr-14 — /EPR Retail News/ — S Group’s retail sales excluding taxes increased by 2.2% in January–March and stood at EUR 2,567 million. Customer numbers and sales continued to increase for Sokos and Emotion, which was particularly delightful.

“I am very pleased with our performance in the first quarter. Department stores have attracted a large number of new customers, and supermarket sales continue to be at a good level,” says Taavi Heikkilä, CEO of SOK.

The growth of S Group’s grocery sales outpaced the market in Finland. S Group’s grocery sales amounted to EUR 1,582 in the first quarter. The Group continued to reduce prices, which increased the sales of Finnish vegetables in particular.

The ABC chain has recovered from the decline caused by the deregulation of opening hours, and its sales resumed growth in the first quarter.

The comparable sales of the Prisma stores in St Petersburg assumed a growth trend in 2016 and continued to grow in 2017. A good rate of growth was also recorded for S Group’s hotels in the St Petersburg region.
S Group’s retail sales excluding taxes, Jan–Mar 2017

Business area Sales (EUR million, entire S Group) Change in comparison to Jan–Mar 2016 (%)
Supermarket trade* 1795.2 0.2
Service station store and fuel sales 372.4 10.7
Travel industry and hospitality business* 182.3 1.6
Department store and speciality store trade 70.9 11.0
Hardware trade 29.6 -5.0
Other 116.2 6.4
S-Group total 2566.6 2.2

* The figure includes sales in the Baltic countries and Russia.

More information:
Taavi Heikkilä
CEO
SOK
tel. +358 10 76 80200

Jari Annala
Senior Vice President
CFO
SOK
tel.: +358 10 76 82040

Jorma Vehviläinen
Executive Vice President
SOK
tel. +358 10 76 80608 (Baltic countries and Russia)

Source: S-Group

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S Group’s retail sales increased by 1.7% in January–June

Helsinki, Finland, 2016-Jul-16 — /EPR Retail News/ — S Group’s sales excluding taxes increased by 1.7% in January–June and stood at EUR 5,336 million. Deregulated opening hours and price reductions attracted more customers to supermarkets, and S Group’s total sales increased as well.

“We are pleased with the deregulation of opening hours. More flexible shopping hours have been well received by our customers. Sales increased in our large and small stores alike, with the total number of customers growing by 8 per cent,” says Taavi Heikkilä, CEO of SOK. S Group’s grocery sales in Finland increased by 4.2% and stood at EUR 3,315 million, with the growth rate clearly outpacing that of the other operators in the sector. In addition, considering the general economic situation, sales in S Group’s other business operations developed favourably. However, sales in grocery stores located at ABC service stations decreased slightly due to the deregulation of opening hours.

S Group’s result for January–June 2016 will be announced on Monday 8 August 2016.

S Group’s retail sales excluding taxes, Jan–Jun 2016

Business area Sales (EUR million, entire S Group) Change in comparison to Jan–Jun 2015 (%)
Supermarket trade 3,764 +3.8
Service station store and fuel sales 735 -6.6
Travel industry and hospitality business 376 -1.5
Department store and speciality store trade 136 -1.1
Hardware trade 93 -3.2
Other 232 +5.5
S-Group total 5,336 +1.7

 

Contact:

Taavi Heikkilä
CEO
SOK
tel.: +358 10 76 80200

Jari Annala
Senior Vice President
CFO
SOK Finance and Administration
tel. +358 10 76 82040

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S Group's retail sales increased by 1.7% in January–June
S Group’s retail sales increased by 1.7% in January–June

 

Source: S Group