Steinhoff: sales boosted by acquisitions.
(CercleFinance.com) - At the end of the first nine months (to end-June) of its 2016/2017 fiscal year, sales of the German specialist retailer, Steinhoff International Holdings, which include the French store Conforama, were boosted by acquisitions (Mattress Firm, Poundland, Fantastic Furniture), resulting in total turnover rising by 48% to 14.
9 billion euros.
Excluding acquisitions, growth reached 8%.
Europe represents 52% of total business, followed by Africa (27%), the US (15%) and Australasia (6%).
CEO Markus Jooste has said that the integration of newly acquired companies was progressing in a satisfactory way.
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