Discount banner Rema 1000 grew sales by 19.5% in Norway and Denmark during 2012.

The business boosted owner Reitangruppen’s net sales by 12.4% to NOK71.7bn (£8.18bn) for 2012. EBITDA increased by 19.8% to NOK2.17bn (£247.6m).

Revenue growth was also lifted by Reitan’s acquisition of more than 1,000 kiosks in Finland and the Baltics from Finland-based retailer Rautakirja.

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