German retail giant Metro Cash & Carry witnessed over six per cent growth in its India operations.
The company’s sales rose over seven per cent last year largely due to continuing international growth, clocking revenue of US$96.7 billion, a rise of 7.1 per cent on an organic basis. The acquisition of Wal-Mart in Germany and Geant in Poland helped the retailer’s turnover to rise by 10 per cent.
“The significant 2007 sales growth is a good foundation for the further long-term value enhancement of Metro Group,” said CEO Dr Eckhard Cordes.
The group international sales rose 13.6 per cent, where 58 per cent of the company’s business came from sales in Eastern Europe, Asia and Africa, by around a quarter, the company said.