Edeka strengthens top position

The cooperation Edeka has strengthened its leading position in the supermarket trade. The company in Hamburg stated that while the growth of the entire industry stagnated in Germany, Edeka achieved growth of two percent. The daughter company Netto has grown too.

"We have continued the positive trend in 2014 and have grown much faster than the market," says CEO Markus Mosa.
The Edeka company achieved a turnover of 47.2 billion Euro.
The 4000 independent merchants under the Edeka-roof had a significant impact on the increase in sales; they increased revenues by 3.6 percent to 23.4 billion Euro.

Daughter Netto expands sales
A total of 336,100 employees contributed to this successful development. Edeka alone has created 8,200 new jobs in 2014 in Germany. The subsidiary company Netto achieved an increase in sales by 2.2 percent to 12.0 billion Euro in the highly competitive discount market.

Lidl and Rewe in second and third place
Edeka is the largest food retailer in Germany. Second largest retailer is the Schwarz Group (Lidl, Kaufland), with an estimated 27.7 billion Euro in sales, followed closely by the Rewe-Group (including Penny) with 27.6 billion Euro.
Last year the Aldi Group achieved a turnover of 22.6 billion Euro. Followed by the Metro Group (including Real) with estimated sales of EUR 10.8 billion. The Tengelmann Group achieved during the same period sales of 1.98 billion Euro.

Merger planned with Tengelmann
Edeka waits for a ministerial approval for a merger with Tengelmann. The proposal had been made, according to Tengelmann. The Federal Cartel Office had previously prohibited the acquisition of Tengelmann by Edeka. With ministerial approval this decision can be overturned, but only if overall economic benefits are present. Edeka wants to take over 450 branches of competitors Kaiser's Tengelmann.
But the responsible Minister of Economy is not in favour. Sigmar Gabriel (SPD) already made it clear that he does not want to overturn the vote of the cartel watchdog. "Ministerial approval is not an option," said a Ministry of Economic Affairs spokesperson. Sigmar Gabriel has to decide within four months.

Source: www.t-online.de