More employees, increased investment in infrastructure, modernisation, digitalisation, innovation and Sustainability - our 2023 financial year in figures.
REWE Group's external revenue rose by 8.9 per cent from 84.8 billion euros to 92.3 billion euros in the past financial year. In Germany, turnover increased by 7.8 per cent to 63.2 billion euros (2022: 58.6 billion euros).
International business increased by 11.3 per cent to 29.1 billion euros. The number of employees rose by 1.3 per cent to 389,270 in the past financial year, of which 284,758 (+ 1.4 per cent) were employed in Germany and 104,512 (+ 1.1 per cent) abroad.
REWE Combine's revenue from continuing operations - excluding independent retailers and at-equity companies - rose by 8.8 per cent from 77.2 billion euros to 84.0 billion euros last year.
Sales growth in Germany was +7.6 per cent to 55.2 billion euros and abroad 11.0 per cent to 28.7 billion euros. [BILD]
Positive earnings development
Operating earnings (EBITA) rose by 25.6 per cent from 1.45 billion euros (2022) to 1.83 billion euros, while consolidated net profit increased by 46.2 per cent from 503.5 million euros to 736.2 million euros, thus returning to the 2021 level - primarily due to the positive development of Travel and Tourism. The return on sales (EBITA) was 2.2 per cent in 2023, up from 2.1 per cent in 2021 and 1.9 per cent in 2022. After 1.1 per cent in 2021 and 0.7 per cent in 2022, annual profit will be 0.9 per cent in 2023.
The Group result is characterised by two opposing developments. On the one hand, the high food inflation had a positive impact on sales development and, on the other hand, increases in purchase prices and costs had a negative effect on EBITA development. The positive developments, particularly in Travel and Tourism and the Convenience business segment, had a significant positive impact on earnings.
At the same time, the Group further increased its investment activities despite the crisis: investments in property, plant and equipment and intangible assets rose by around 200 million euros from 2.8 billion euros to 3.0 billion euros.
REWE Group is also planning investments totalling 3.0 billion euros for the current year. Equity rose by 6.9 per cent from 9.4 billion euros to 10.0 billion euros.
The revenue of the Retail Germany business segment (REWE shops and PENNY) rose by 7.8 per cent to 40.4 billion euros. Retail International, with full-range Austria (BILLA, BIPA, ADEG), full-range CEE (BILLA, IKI) and PENNY International, increased its revenue by 11.1 per cent (adjusted for currency effects: + 10.5 per cent) to 19.2 billion euros.
Full-range national (REWE) increased by 7.7 per cent to a revenue of 30.6 billion euros. This figure includes the retail turnover of REWE shops and wholesale turnover with retailers and other partners. Full-range International (full-range Austria and full-range CEE) achieved an increase in revenue of 7.5 per cent to 11.5 billion euros. Full-range Austria (BILLA, BIPA and ADEG) contributed to this with revenue of 7.8 billion euros (+6.7 per cent compared to 2022). Full-range CEE (BILLA, IKI) increased revenue by 9 per cent (adjusted for currency effects: + 8.1 per cent) to 3.8 billion euros.
The 1,550 REWE cooperatives retailers under the umbrella of the cooperative REWE Group increased their revenues by 8.9 per cent to 17.4 billion euros.
PENNY Germany increased its revenue by 8.6 per cent to 9.5 billion euros in the past financial year. While the number of shops remained almost the same at 2,123 (2022: 2,135), the number of customers once again increased significantly by 4.8 per cent to almost 600 million. PENNY International, which operates as a national discounter in Italy, Austria, Romania, the Czech Republic and Hungary, increased its revenue by 17.1 per cent (adjusted for currency effects: +15.9 per cent) to 7.7 billion euros. Once again, PENNY achieved the strongest growth in Romania, followed by Hungary and the Czech Republic, with an adjusted for currency effects increase in turnover of 25.4 per cent.
The Convenience business segment with the national and international business of the Lekkerland Group increased its revenue by 6.1 per cent to 15.1 billion euros. Revenue in the DIY store business segment fell by 2.7 per cent compared to the previous year to 2.5 billion euros. Travel and Tourism grew by 24.6 per cent in 2023, increasing invoiced revenue to 7.2 billion euros.
*** English Version ***
More employees, increased investment in infrastructure, modernisation, digitalisation, innovation and sustainability - our 2023 financial year in figures.
Total external revenue of the REWE Group climbed by 8.9 per cent, rising from 84.8 billion euros to 92.3 billion euros. Germany generated a revenue increase of 7.8 per cent to 63.2 billion euros (2022: 58.6 billion euros). International business increased by 11.3 per cent to 29.1 billion euros.
The number of employees rose by 1.3 per cent to 389,270 in the past business year. Of this total, 284,758 (increase of 1.4 per cent) were employed in Germany and 104,512 (increase of 1.1 per cent) internationally.
Positive earnings trend
Operating earnings EBITA rose by 25.6 per cent from 1.45 billion euros (2022) to 1.83 billion euros. The company's combined net profit for the year increased by 46.2 per cent from 503.5 million euros to 736.2 million euros.
At the same time, the group further boosted its investment activities despite the crisis: Investments in property and intangible assets rose by around 200 million euros from 2.8 billion euros to 3.0 billion euros.
The REWE Group is planning investments of 3.0 billion euros this year too. Equity climbed by 6.9 per cent from 9.4 billion euros to 10.0 billion euros.
Revenue development in 2023 of the REWE Group business segments and divisions
Revenue of the Retail Germany business segment (REWE stores and PENNY) rose by 7.8 per cent to 40.4 billion euros. Retail International, with Austrian full-range stores (BILLA, BIPA, ADEG), CEE full-range stores (BILLA, IKI) and PENNY International, increased sales by 11.1 per cent (adjusted for currency effects: 10.5 per cent) to 19.2 billion euros.
National full-range stores (REWE) increased revenue by 7.7 per cent to 30.6 billion euros. This included the retail revenue of the REWE stores and wholesale revenue with retailers and other partners. International Full-Range Stores (Austrian full-range stores and CEE full-range stores) generated revenue of 11.5 billion euros, an increase of 7.5 per cent. The Austrian full-range stores (BILLA, BIPA and ADEG) contributed to this with revenue of 7.8 billion euros (increase of 6.7 per cent compared with 2022). In the CEE full-range stores (BILLA, IKI), revenue climbed by 9 per cent (adjusted for currency effects: 8.1 per cent) to 3.8 billion euros.
Revenue generated by the 1,550 REWE retailers under the umbrella of the cooperative REWE Group increased by 8.9 per cent to 17.4 billion euros.
PENNY Germany increased revenue in the past business year by 8.6 per cent to 9.5 billion euros. While the number of stores remained virtually unchanged at 2,123 (2022: 2,135), the number of customers once again increased significantly, climbing by 4.8 per cent to just fewer than 600 million: PENNY International, which operates as a typical national discounter in Italy, Austria, Romania, the Czech Republic and Hungary, boosted revenue by 17.1 per cent (adjusted for currency effects: 15.9 per cent) to 7.7 billion euros. Once again, PENNY achieved the strongest growth in Romania, followed by Hungary and the Czech Republic, with a currency-adjusted increase in revenue of 25.4 per cent.
The revenue of the Convenience business segment, including the national and international business of the Lekkerland Group, rose by 6.1 per cent to 15.1 billion euros. Revenue generated by the DYI Stores business segment rose by 2.7 per cent to 2.5 billion compared with the previous year. Travel and Tourism grew by 24.6 per cent in 2023, increasing invoiced revenue to EUR 7.2 billion.
