At the 62nd Annual General Meeting of FÜR SIE Handelsgenossenschaft in Zurich, the cooperative reported on a successful 2024.
The 62nd Annual General Meeting of FÜR SIE Handelsgenossenschaft eG took place in Zurich on 22 May 2025 with 140 participants. The members were able to find out about the cooperative's current developments, expand their network at the Annual General Meeting and during the social programme and strengthen their personal connections.
At 3.12 billion euros and a growth rate of 2.2%, the trading cooperative's revenue reached a record level. LHV's returnable drinks revenue increased by 3.5 %, as did the revenue of the beverage marketing company GVG (up 4.5 %) and the revenue of the food/non-food division (up 3.1 %). Only centralised beverage sales, at 935 million euros, suffered a slight decline in sales of -0.9%.
The level of distributions reached a new high. In the food/non-food segment alone, distributions increased from 6.8 to 7.3 million euros. As a result of this planned increase in distributions and the successful introduction of the new ERP system at LHV, the Group's expected pre-tax profit fell by around EUR 3 million to EUR 3.6 million.
Kai Mattfeld, Chairman of the Supervisory Board, Matthias Heurich, Deputy Chairman of the Supervisory Board, and Hans-Jürgen Moog, member of the REWE Management Board, were re-elected to the Supervisory Board for a further three years.
CEO Dr Martin Küssner reported on the large number of projects to modernise the cooperative and on the numerous measures to implement the cooperative's promotional mission for its members: "Improved conditions in the merchandise business, the planned and implemented increase in distributions, which we also want to achieve for the future due to our good equity situation, demonstrate our economic performance. The record number of 249 members that we have achieved by gaining new members demonstrates the attractiveness of our cooperative."
Kai Mattfeld, Chairman of the Supervisory Board, emphasised: "FÜR SIE is an economically strong cooperative group. Our actions are characterised by the cooperative idea of promoting the economic development of our members. The successful development in 2024 shows once again that FÜR SIE eG is a very attractive cooperative for old and new members."
Around 250 member companies from the various sectors of the German retail industry have joined forces under the umbrella of FÜR SIE. Together they achieve important competitive advantages without giving up their entrepreneurial independence. In addition to taking over the del credere and centralised settlement of goods transactions, FÜR SIE offers its members access to the product range of 4,300 contracted suppliers as well as numerous services in the areas of logistics, IT and marketing. FÜR SIE eG and its member companies benefit from the successful co-operation with the REWE Group, which has existed for many years.