Turnover up € 266.2 million to € 1,186.5 million
The number of stores of comparable activities (excluding Brantano) rose with 71 to 1,063 in 2008, the balance of 87 stores opened and 16 stores closed. The majority of this increase was realised by BelCompany in the Netherlands (including the opening of 33 stores of the new discount format Telefoonkopen.nl in July 2008) and Belgium. Following the acquisition of Brantano, 280 stores were added to Macintosh Retail Group’s portfolio at year-end 2008.
Turnover of Macintosh Retail Group for the full year 2008 went up € 266.2 million, from € 920.3 million to € 1,186.5 million. The acquisition of Brantano (+ € 274.3 million) and an increase in the Living sector had a positive effect on turnover. Of total turnover, 68% was generated in the Netherlands, 18% in Belgium / Luxembourg and 14% in the United Kingdom / France.
The first six months of 2008 saw a turnover increase of € 112.4 million to € 562.3 million, the result - on balance - of the Brantano acquisition, a turnover increase at Living and a decline at comparable activities in Fashion and Automotive & Telecom. In the second half of 2008, turnover rose € 153.8 million to € 624,2 million, thanks to the addition of Brantano’s turnover as well as turnover growth at comparable activities in all sectors, particularly thanks to a solid fourth quarter.