REWE Group successfully navigates crisis year 2022 and stays on steady course

Total revenue rose – including for inflation-related reasons – to a high level, while the operating result (EBITA) was down slightly on the previous year’s level. The negative effects on the results – deliberately costed decline in food retail in Germany by investing in customer prices, cost increases from energy, raw materials, staff, logistics and risk provisions for selected equity investments – were offset by positive contributions from other parts of the group.

This stable result was driven especially by the strong comeback of travel and tourism after the coronavirus pandemic, as well as an encouraging trend in the international business and at Lekkerland. REWE Group’s investments were not only continued in 2022, but intensified at a very high level.

“We did not leave our customers out in the rain without an umbrella in 2022”,

says Lionel Souque, CEO of REWE Group, making good on his promise.

“As announced, we invested a three-digit million sum in Germany alone, effectively and verifiably stabilising our customer prices and deliberately accepting a decline in the result in food retail in Germany and actively foregoing profit.” Calculated for 2022 as a whole, product range inflation – i.e. price increases on REWE’s shelves – was kept at 7.3 per cent at REWE, which for customers was noticeably lower than the consumer price index – CPI – for food of 13.4 per cent in 2022,

explains Souque.

As for the yet unaudited financials, the company believes that success has come because, as a cooperative, „we are not driven by dividends, but aim to maintain sustainable business practices and generate long-term growth”.

REWE