Spar sales surge 11% as it prepares to smash through €1bn barrier
BWG, whose businesses include the Spar and Mace brands as well as food and drink outlets in Britain, yesterday reported operating profits of €48.7m for the year to December, a 35% increase. Like-for like turnover was 11% ahead at €1.6bn, but total sales were down around €200m on the previous year following the sale of non-core businesses in Britain.
BWG chief executive Leo Crawford said he was “very happy” with the performance and that 2004 was a year of continued progress despite an increasingly competitive market.
