The Tengelmann Group, which operates the Kaiser’s supermarket in Germany, announced full-year revenues of 11.08 billion euros, equivalent to a currency-adjusted increase of 2.9% compared to the same period in the previous year. “Despite continued difficult overall conditions in the preceding fiscal year, we were able to once again record a comfortably positive result with decent sales growth,” said Karl-Erivan W. Haub, CEO and managing partner.
On the balance sheet date (31 December 2012), the Tengelmann Group was active in 18 countries with a third of sales earned outside of Germany. A total of 83,826 employees in 4,346 branches and e-shops as well as service, logistics and real estate companies contributed to this success.
Kaiser’s Tengelmann GmbH earned stable sales of 2.13bn euros and has a network of locations in the three core regions of Berlin, Munich/Oberbayern and North Rhine. Kaiser’s includes 512 branches of which 25 were converted to the successful and stylish “Black-Red-Gold” store design during the previous fiscal year. These branches emphasise a special shopping environment, quality, freshness and service.
Like other supermarket chains such as Rewe and Edeka, Kaiser’s also stock organic and eco-friendly brands and private label products. The Bringmeister delivery service, established more than ten years ago in Berlin and Munich, has been expanded to Düsseldorf and Meerbusch.
CEO Karl-Erivan W. Haub said: “Following the positive trend of the past fiscal year, the view for 2013 is cautious optimism. The catastrophic flood that affected a wide part of Bavaria and eastern Germany, Austria, the Czech Republic and Poland had massive consequences for the group. More than 80 branches were temporarily closed or damaged by the high waters. Sales losses also occurred in markets that could not be supplied due to the severe flooding.”