The Tengelmann Group posted a 4.5% rise in net revenue | Progresiv
The Tengelmann Group completed its 149th year with a consolidated net revenue of 8.24 billion euros, up 4.5% from the previous year when currency effects are taken into account. “2015 would have been a very good year for Tengelmann if it hadn’t been overshadowed by the drawn out handover process of our supermarket business,” says Karl-Erivan W. Haub, Managing Director and personally liable partner of the Tengelmann Group at the annual press conference in Mülheim an der Ruhr. 
He concedes that with the positive ministerial ruling in March 2016 the aim of selling Kaiser’s Tengelmann in its entirety has almost been reached. The bargaining partners’ negotiations to meet the conditions are currently progressing with high intesity in all regions, a basic understanding has been established. “The process is out of my hands, but I have been assured that the required collective labour agreements may be completed by the end of this month,” Haub continued confidently.
The annual report published today bears the title “Setting the Agenda”. Karl-Erivan W. Haub notes that: “The Tengelmann Group is in the closing stages of an incremental transformation process that began in 1999/2000. We have re-erected our family firm”. After handing over the grocery business, the Group is now focusing on its trading companies OBI, KiK and TEDi – each of which is the clear market leader in its respective industry. “In trade size is not be the only prerequisite for the sustainable success of the company, but it is one of the major factors,” says Karl-Erivan W. Haub. Our business commitments are complemented by the two global companies Tengelmann Ventures and Emil Capital Partners as well as a large international property portfolio of Trei Real Estate. (www.eprretailnews.com)
