BWG reports 1.6% sales bump
Despite a highly competitive retail environment, BWG group has seen a sales increase of 1.6% over the past six months, according to interim figures published by Spar South Africa
2 June 2017 | 0
BWG’s sales were up 1.6% to €663 million for the six month period to 31 March last, despite a very competitive retail environment and the impact of deflation in food and drink prices in the second quarter. The company’s profit before tax increased by 26% to €12.7m.
The causes and reasons for the bump include the company’s management adapting to changing conditions, as well as the contributions made by its acquisitions of Londis and Gillett’s in the UK. Londis in particular has proved a strong addition to the overall business, the company said in a statement.
The buoyant hospitality sector also made a contribution to the sales increase. Spar and Londis sales were up by 4.2% and 3% respectively, through the addition of 11 new stores.
In total, BWG added 33 new stores bringing its total store numbers across all symbol groups to 1,335.