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Financial results

The SPAR Group’s 2017 financial results are evidence of our ability to weather economic and trading storms of all kinds due to strong retail relationships, value-added buying power and efficiencies gained in all aspects of our operations.

We remain committed to offering our communities world-class stores, with excellence in fresh foods, and leadership through innovation and the entrepreneurial spirit of the SPAR family in all territories.

Turnover increased

by 5.3% while operating profit increased by 0.2%.

Retail turnover

in South Africa was under pressure, with growth limited to 5.2%, whereas Ireland delivered solid euro-based growth of 1.5%.

Operating profit

from the operations in Ireland and South West England increased by 17.6%.

Switzerland showed

early signs of recovery with retail turnover growing at 77.1% and operating profit increasing by 114.3%.

Both of these increases were largely influenced by the fact that this business was acquired with effect 1 April 2016.