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UK: Makro contributes to Booker sales hike

Wellingborough-based cash-and-carry wholesaler Booker Group has increased half-year sales by almost 2 per cent to £2.3bn as Makro started to make a "real contribution.

Like-for-like sales for the 24 weeks to 12 September 2014, excluding Makro, were also up by 2.4 per cent, with non-tobacco revenue rising 3.4 per cent and tobacco sales up 0.6 per cent.

Turnover generated from the internet rose by 12 per cent to £413m.

Operating profit increased in the period by 15 per cent to £68.1m and by 16 per cent on a pre-tax level to £67.4m.

Chief executive Charles Wilson said: "We have had a good half and our plan to 'Focus, Drive and Broaden' the business remains on track.

"Despite the challenges in the UK grocery market we continue to provide our retail, catering and small business customers with improved choice, prices and service via the internet, delivery and cash and carry."

Booker acquired Makro in 2013 in a deal worth £140m.

Source: insidermedia.com

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