FRANCE: Intermarché's parent company suffers turnover drop below 40 billion euros | Progresiv

Mousquetaires' turnover dropped from 40.1 billion euro to 39.7 billion euro in 2015, partly because of supermarket chain Intermarché's slower French growth.

Turnover dropped 1 %, although it would have been a slight 0.9 % turnover increase if gasoline sales are excluded. The company's industrial branch performed relatively well, as turnover grew 4 % to 4 billion euros, but the commercial division got hit more severely. Turnover dropped from 36.2 billion euros to 35.7 billion euros in 2015.

Supermarket chains Intermarché and Netto managed a joint 33.1 billion euros (25.5 billion euro excluding gasoline sales) in 2015, with Intermarché's turnover increase at 0.7 % - significantly lower than in previous years (+1.7 % in 2014 and + 7.4 % in 2012). By the end of 2015, Intermarché had opened 17 additional supermarkets in France.

Netto was able to present better numbers, with a 1.9 % turnover growth, which gives the group a reason to celebrate the supermarket chain's performance for the first time in years. The discount chain's number of stores did continue to dwindle, from 340 in 2012 to 301 in 2015. (www.retaildetail.eu)