"I am very pleased with our performance in the first quarter. Department stores have attracted a large number of new customers, and supermarket sales continue to be at a good level," says Taavi Heikkilä, CEO of SOK.
The growth of S Group's grocery sales outpaced the market in Finland. S Group's grocery sales amounted to EUR 1,582 in the first quarter. The Group continued to reduce prices, which increased the sales of Finnish vegetables in particular.
The ABC chain has recovered from the decline caused by the deregulation of opening hours, and its sales resumed growth in the first quarter.
The comparable sales of the Prisma stores in St Petersburg assumed a growth trend in 2016 and continued to grow in 2017. A good rate of growth was also recorded for S Group's hotels in the St Petersburg region.
S Group's retail sales excluding taxes, Jan–Mar 2017
Sales (EUR million, entire S Group)
Change in comparison to Jan–Mar 2016 (%)
Service station store and fuel sales
Travel industry and hospitality business*
Department store and speciality store trade
* The figure includes sales in the Baltic countries and Russia.