Germany: Rossmann releases annual results, announces plans for 2015

The German pharmacy chain Rossmann has announced its financial results for 2014, revealing that its total sales have exceeded €7 billion for the first time.

The company closed 2014 with sales amounting to €7.2 billion ($8.3 billion) and revenue growth of 8.7%.

In its home country of Germany, where it operates 1,919 stores, the firm grew sales by 7.9% to reach a total of €5.38 billion ($6.22 billion). Meanwhile sales from its foreign divisions rose by 11.7% to €1.85 billion ($2.14 billion), meaning that non-domestic business now accounts for more than a quarter of the group’s total revenues.

For 2015, Rossmann is planning to invest €170 million ($196 million), opening a total of 340 new stores of which 155 will be in Germany.

The pharmacy chain currently employs a total of 43,000 workers in 3,253 stores, including 993 outlets in Poland, 183 in Hungary, 121 in the Czech Republic, 31 in Turkey and 6 in Albania.

Source: Rossmann