Spar’s full year results for 2015 saw its global revenue increase by 3.5% to €33bn, its “strongest sales growth in five years”. Its success comes as a result of its continued global expansion strategy and the increasing pace of recovery in Europe.
Spar saw significant revenue growth in Western Europe particularly Austria where sales increased by 2.4%, 6% in Belgium and 2.9% in Hungary. In the UK, store numbers exceeded 2,600 and turnover rose by 2%.
Stores in Central and Eastern Europe particularly Croatia and Poland boasted double digit growth with 15% and 17% respectively.
“The 2015 figures show the continuing strength and attractiveness of the Spar brand globally. With a presence now in 42 markets around the world, Spar continues to be the partner of choice for independent retail partners keen to embrace retail best practice and fast-track their development in the face of international competition” said Spar’s Managing Director Tobias Wasmuht.
“The last five years has seen Spar continue to grow despite volatile international economic conditions.
“With recovery in Europe continuing and considerable untapped potential in many emerging markets we see significant potential for future growth – both short term and long term. As part of our future strategy we shall continue to drive forward into significant new and high potential markets during 2016, having already in place partnerships that will see the SPAR brand grow in Asia and Africa in the second half of the year.”