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Hyparlo improves despite difficult conditions

15-Jan-2003

Hyparlo, the French hypermarket group which is the main franchise holder for Carrefour stores, has reported a 4.4 per cent increase in sales to €1.15 billion for the year to 31 December, despite tough trading conditions.

Sales in France were up 2 per cent to €984 million, well ahead of overall growth in the French retail sector of around 1.3 per cent. The company said that its hypermarkets had performed well in December, showing slight growth in a declining market.

But Hyparlo was also pleased with its international performance. Sales outside France - primarily in Italy and Romania - were up by 21. 1 per cent during the year to €163 million, helped by continued expansion there.

For example, the opening of a petrol station at Hyparlo's store in Portogruaro, near Venice, has revitalised sales there, while the hypermarket at Lucca, in Tuscany, registered its sixth consecutive quarter of double digit growth.

The Romanian operations also performed better than expected, and Hyparlo said it was now planning to expand its store in Chiajna, in the western suburbs of Bucharest, from 8,700 sq metres to 10,000 sq metres as a result of increasing demand.

Excluding petrol sales, Hyparlo registered a 5.8 per cent increase in turnover for the year.

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