BR Analysis. Top ten retailers’ turnover up 11 pct in 2017; net profits climb 19 pct

Aurel Dragan 05/06/2018 | 06:00

The biggest retailers in Romania had a great 2017 with the consumption going up by 7.5 percent compared to the previous year. Top ten retailers had a higher growth in turnover, the numbers going up from EUR 9.96 billion in 2016 to EUR 11.144 billion in 2017, an 11 percent growth.

The number of employees went up year-on-year only by 6 percent, from 70,897 in 2016 to 75,160 in 2017, which means they made more sales with less employees. The net profit went up by 19 percent, from EUR 347 million in 2016 to EUR 414.2 million in 2017.

Kaufland, the biggest retailer on the Romanian Market, has finished 2017 with a turnover of RON 10.09 billion (EUR 2.21 billion) and net profit of RON 670.3 million (EUR 146.7 million). The number of employees was at 13,519, down from 14,070 the year before. In 2016, revenues were RON 9.69 billion (EUR 2.12 billion) and the net profit was RON 653.32 (EUR 143.02 million).

Carrefour Romania ended 2017 with net revenues of RON 6.75 billion (EUR 1.477 billion) and a net profit was RON 209.7 million (EUR 45.9 million) and the number of employees was 9,939. In 2016 net revenues were at RON 5.67 billion (EUR 1.24 billion) and the net profit at RON 164.1 million (EUR 35.9 million). The number of employees was also smaller at 9,101.

The discounter Lidl Romania had a turnover of RON 6.51 billion (EUR 1.42 billion) and a net profit of RON 352.76 million (EUR 77.2 million). The number of employees was 4,815, up from 4,265 in 2016, when it registered a turnover of RON 5.58 billion (EUR 1.22 billion) and a net profit of RON 217.7 million (EUR 47.65 million).

Auchan Romania registered in 2017 a turnover of RON 5.22 billion (EUR 1.14 billion) and a net profit of RON 74.99 million (EUR 16.4 million). The number of employees was at 9,290, down from 9,337 employees in 2016. The same year, turnover was at RON 4.89 billion (EUR 1.07 billion), and registered a net loss of RON 23.9 million (EUR 5.23 million).

Mega Image, the retailer that keeps expanding all over the country, had a turnover of RON 4.91 billion (EUR 1.07 billion) last year and a net profit of RON 201.78 million (EUR 44.17 million). The number of employees 9,313, up from 8,658 in 2016, when the turnover was RON 4.32 billion (EUR 945 million) and the net profit was RON 134.84 million (EUR 29.5 million).

Profi Romania, the other discounter on the market, registered a turnover of RON 4.73 billion (EUR 1.035 billion) and a net profit of RON 163.84 million (EUR 35.86 million), with 11,662 employees. The number of employees went up from 9,469 in 2016, when it has registered a turnover of RON 3.55 billion (EUR 777 million) and a net profit of RON 148.26 million (EUR 32.45 million).

Metro Cash & Carry has not published yet the financial results for 2017, but in 2016 in has registered a turnover of RON 4.36 billion (EUR 954 million) and a net profit of RON 103.4 million (EUR 22.6 million), with 4,140 employees. The company finished, in 2017, the sale of the last Real stores to Auchan, but the numbers will not drop too much according to the results in the last quarter of 2017, that were up by 0.2 percent.

Selgros has ended 2017 with a turnover of RON 3.64 billion (EUR 797 million) and a net profit of RON 48.82 million (EUR 10.7 million), with 4,341 employees. In 2016, the retailer had only 4,039 employees, a turnover of RON 3.29 billion (EUR 720 million) and a net profit of RON 25.25 million (EUR 5.5 million).

Rewe Romania, the company that owns Penny stores, registered a turnover of RON 2.99 billion (EUR 654 million) in 2017 and a net profit of RON 29.98 million (EUR 6.5 million), with 4,190 employees. The year before the company had 3,502 employees, a turnover of RON 2.86 billion (EUR 626 million) and a net profit of RON 23.76 million (EUR 5.2 million).

Top ten retailers is completed by Cora Romania, that had a turnover of RON 1.77 billion (EUR 387 million) in 2017 and a net profit of RON 37.41 million (EUR 8.2 million), with 3,951 employees. In 2016, the number of employees was higher at 4,316, while the turnover was RON 1.74 billion (EUR 306.5 million) and the net profit was RON 5.85 million (EUR 1.28 million).

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