Once again, the approximately 3,800 independent EDEKA merchants proved to be a guarantee of success: at EUR 26.3 billion (4.4 percent), they accounted for more than half of total sales. "The strong performance of EDEKA entrepreneurs deserves the highest recognition in the face of intense competition," says Markus Mosa, CEO of EDEKA AG. "They personify the future of the German food retail industry and put their stamp on the industry." Netto Marken-Discount also developed positively in 2017. This EDEKA subsidiary increased its sales by 3.1 percent to a total of 13.1 billion euros. "Netto Marken-Discount is sharpening its brand profile and is consistently developing in terms of product range and sales," says Markus Mosa. An additional tailwind for the EDEKA network was the successful integration of 338 Kaiser's Tengelmann branches. Numerous locations have been extensively modernized and have since recorded double-digit sales growth.
"Attack is the best defense, so we keep at it in our daily business, in every respect, never resting on our laurels," says Markus Mosa. In line with this, the three-tier group of companies in 2017 invested heavily again in its home market of Germany. Side by side with the independent EDEKA merchants, the seven EDEKA regions and the EDEKA headquarters in Hamburg further developed their market concepts, logistics structures and production facilities for a total of EUR 1.7 billion. "In the current year 2018, we will invest more than two billion euros in Germany for the first time," explains Finance and Human Resources Director Martin Scholvin. Excluding the Kaiser's Tengelmann takeover, 245 new retail locations in the EDEKA network opened within a year, with 148 expansions of existing stores. The total sales area increased by 3.2 percent to 11.2 million square meters.
Source: Edeka-Verbund
"Attack is the best defense, so we keep at it in our daily business, in every respect, never resting on our laurels," says Markus Mosa. In line with this, the three-tier group of companies in 2017 invested heavily again in its home market of Germany. Side by side with the independent EDEKA merchants, the seven EDEKA regions and the EDEKA headquarters in Hamburg further developed their market concepts, logistics structures and production facilities for a total of EUR 1.7 billion. "In the current year 2018, we will invest more than two billion euros in Germany for the first time," explains Finance and Human Resources Director Martin Scholvin. Excluding the Kaiser's Tengelmann takeover, 245 new retail locations in the EDEKA network opened within a year, with 148 expansions of existing stores. The total sales area increased by 3.2 percent to 11.2 million square meters.
Source: Edeka-Verbund