Valora Group: Sales up 3.9 percent in 2008
The Valora Group increased its revenue by 3.9 percent to 2.93 billion francs in fiscal year 2008. Adjusted for currency effects, the increase would have been as high as 5.7 percent, the retail company said in a statement on Thursday.
The Valora Group increased its sales by 3.9 percent to CHF 2.93 billion in the 2008 financial year. Adjusted for currency effects, the retailer reported in a press release on Thursday that it could even have achieved an increase of 5.7 percent. Valora Retail and Valora Media benefited in particular from the distribution and sale of EM articles in the first half of the year. The third division, Valora Trade, grew by 3.3 percent in local currency terms in a difficult market environment.
The "Valora 4 Success" strategy program was unveiled in autumn 2008, with the aim of achieving a sustained improvement in earnings from 2009 onwards. Restructuring costs were announced in connection with this program, which impacted operating earnings (EBIT) by a total of CHF 25.2 million in 2008. Valora closed the 2008 financial year with a net profit of CHF 39.9 million.
The "Valora 4 Success" strategy program was unveiled in autumn 2008, with the aim of achieving a sustained improvement in earnings from 2009 onwards. Restructuring costs were announced in connection with this program, which impacted operating earnings (EBIT) by a total of CHF 25.2 million in 2008. Valora closed the 2008 financial year with a net profit of CHF 39.9 million.
