23-9-2008
Results of first Half Year 2008
Maxeda has performed well in the first six months of 2008, despite a tougher trading
climate. Maxeda continued to execute its strategy aimed at retail leadership and remained
focused on increasing colleagues’ and customers’ satisfaction. The robust performance was
delivered as a result of Maxeda’s pro-active approach to the changing market
circumstances. Maxeda’s focus on its business and its people continued to be successful
and resulted in market share gains for most of Maxeda’s formats and product categories.
Results First Half Year 2008 compared to the first half of 2007:
• Net Sales (including concessionaire sales) increased by 1.2% to EUR 1,578 million
• Same store sales down by 1.0%, but market share gains for most of Maxeda’s formats
and product categories
• Operating EBITDA increased by 14.3% to EUR 102 million
• Continuing High Gross Asset Investments of EUR 48 million
• Number of Stores increased by 7.5% to 1,379 stores, since July 2007
• Working Capital Improvement of EUR 39 million
• Full time employees increased by 1.9% to 17,803
• Increased reputation amongst stakeholders with more nominations and prizes.
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Download Semi-Annual Results 2008