S Group's sales remained profitable
S Group's retail sales in 2013 amounted to slightly over EUR 11.3 billion. Comparable sales increased by more than one per cent year-on-year.
According to Taavi Heikkilä, CEO of SOK, sales developed best in the grocery trade, where growth amounted to nearly 4 per cent. Poor development of the economy in Finland was also clearly visible in the S Group's sales, particularly in the automotive trade and consumer goods trade.
Other S Group's business operations were close to zero in sales trends.
At the turn of the year, S-Bank had over 2.6 million customers. By the end of December, S-Bank had issued nearly 1.4 million S-Etukortti Visa cards. The amount of deposits by private customers totalled nearly EUR 2,304 million at the end of the year. Corporate deposits included, S-Bank's total funds on deposit were nearly EUR 2,532 million at the end of the year. This showed an increase of around EUR 60 million from the turn of the year.
Co-op members were paid almost EUR 380 million in Bonus rewards
The growth in the number of co-op members of S Group cooperatives continued as 92,113 new members joined in 2013. At the end of the year, the total number of co-op members was 2,109,025. During the year, co-op members were paid a total of EUR 379.0 million in bonuses, which is the same level as a year ago.
At the end of the year, there were 1,646 S Group outlets. The number of outlets fell by 51 outlets year-on-year.
The more detailed sales figures by business area and the sales information for the SOK Corporation are available in the appendices.
S Group's result and financial statements are published on Thursday, 13 February 2014.
Additional information:Taavi Heikkilä, CEO, SOK,tel. +358 10 76 80200Jari Annala, Senior Vice President, CFO, SOK Finance and Administration,tel. +358 (0)10 76 82040