Fri, 17 Oct, 2014 12:56:55 AM Ftimes - STT Report, Oct. 17  S Group headquartered in Helsinki. Photo – Lehtikuva. The S Group's retail sales in January–September 2014 were on the same level as the corresponding period of the previous year, despite the weak general economic situation, said S Group in a release.
Comparable sales decreased by only 0.1 per cent, even though sales decreased by 0.9 per cent overall, due to the discontinuation of automotive trade, among other factors, said the Group.
In total, retail sales before taxes totaled EUR 8,336 million in January–September 2014.
“We have succeeded quite well in spite of the extremely challenging economic situation and intensified price competition. The efficiency of our operations has increased remarkably, which has improved our competitiveness,” said Taavi Heikkilä, CEO of SOK in the release.
Supermarket sales increased slightly compared to the previous year, totaling more than EUR 5.8 billion, which represents an increase of 1.2 per cent.
S Group's grocery sales increased by 1.7 per cent year-on-year, totaling EUR 5,245 million.
On the other hand, consumer goods sales decreased by 2.8 per cent to approximately EUR 961 million.
In other business areas, sales decreased slightly. Sales by the ABC chain decreased by 1.0 per cent, totaling nearly EUR 1,370 million. Sales in travel industry and hospitality business decreased by 2.0 per cent year-on-year, totaling more than EUR 588 million.
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