Edeka, Germany’s largest grocer, posted an 18.7% sales increase to €38bn (£33bn) during 2009. EBITDA reached €714m (£622m), mainly thanks to the integration of the 2,339 Plus discount stores acquired from Tengelmann in January 2009.
Plans for 2010 include an investment of €1.3bn (£1.13bn) to expand and modernise its stores and logistics network.
No comments yet