date:Jul 17, 2013
German retailer Tengelmann, which owns the supermarket chain Kaiser, booked an increase in full-year sales but offered a cautious outlook for 2013.
In the 12 month period, Tengelmann recorded total revenues of 11.08bn Euro, a 2.9% increase on last year. A third of sales were earned outside of Germany, it said.
Sales from its Kaiser chain were stable with revenues of 2.13bn Euro. It didn't report last year's figure.
CEO Karl-Erivan W. Haub said: Following the positive trend of the past fiscal