Auchan's results in increase thanks to Asia and Eastern Europe

The Auchan group presented its 2010 results which show a net profit of 705 million Euros, up 6.7% over the previous year.

Net income rose 6.7% to 705 million Euros for a turnover of 42.5 billion Euros, up 7.1%. The group finance director, Xavier de Mézerac said: "A vintage quite correct, according to the economic environment. "

 
Sales growth  in France (+3%) and Western Europe (+1.1%) remained small, but growth in emerging countries  pulls the results up. Auchan has enjoyed a sales growth of +22.7% in the countries of Eastern Europe (Poland, Hungary, Romania, Russia, Ukraine) and Asia (China, Taiwan), especially in China and Russia.

For 2011, the group expects the same figures with strong growth in emerging countries and lowest in the European area. This year, the group has 200 hypermarkets in Asia and 300 shopping center in the world.

Source: Boursier, Les echos, romandie