Sales at BWG Foods rise by over 3% to €874 million

BWG’s results “the jewel in the crown” of South African parent The Spar Group

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25 May 2021 | 0

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BWG Foods grew group sales by more than 3% to €874 million in the six months to the end of March, The Irish Times has reported.

BWG Foods is the owner in Ireland of the Spar, Eurospar, Mace, Londis and XL brands, as well the Appleby Westward convenience store business in the southwest of England.

Operating profits rose by 27% to €36 million at the business, which includes 1,400 owned and franchised stores.

According to The Irish Times, BWG’s results were “the jewel in the crown” of the interim results reported in Johannesburg by its stock-market-listed parent, The Spar Group (TSG).

TSG told its investors that BWG had delivered a “strong result” despite the “maximum level of lockdown” for the latest quarter. While hospitality and foodservice business had been badly affected, as well as city-centre convenience stores, TSG said this was more than made up for by a jump in its wholesale and neighbourhood outlets. The 3.3% euro sales rise translated into a 13.3% rise in Rand.

 

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