11-3-2009
Trading update
Amsterdam, 11 March 2009
Trading Update - Full Financial Year 2008/09 compared to 2007/081
Net Sales (including concessionaire sales) increased by 0.5% to EUR 3,198 million
Same store sales down by 1.1%
Market share gains for most of Maxeda’s formats and product categories
A Year with Two Halves
During the financial year 2008/09, Maxeda experienced significant deterioration to the economic outlook and consumer confidence. Macro economic developments, which impacted financial markets worldwide, are having a real impact on European economies and, are now clearly impacting the retail markets in which Maxeda operates.2 Consumers have become increasingly cautious with their spending.