107-million profit for Elgiganten

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For the fiscal year 2013/2014 Elgiganten reports a profit of 107.5 million SEK in Sweden, an improvement of the entire 141 per cent against the previous year. Revenue rose 9 percent to 8,512 million, despite a decline in Swedish consumer electronics market.

”During the year we have grown in all product areas and particularly in our focus areas Epoq kitchen and B2B transaction. We have worked hard to improve our overall offering to customers and it has paid off. We want to win customer trust and when it’s not about only offering low prices, we must offer the right product at the right price with the relevant services, excellence and good service, ” says Niclas Eriksson, CEO of Elgiganten.

Key success factors during the year was a strong customer focus, great deals, strong growth in all sales channels and target areas Epoq kitchen and B2B transaction and the continued modernization of the stores.

In the annual report describes key success factors and areas of focus during the year and focus for fiscal year 2014/2015. You can download it here.Skärmavbild 2014-11-24 kl. 15.25.36

 

MSEK May 2013-April 2014 May 2012-April 2013 May2011-April 2012
Sales 8,512 7,822 6,955
Cost of sold goods -6861 -6322 -5658
Gross profit 1,651 1,500 1,337
Selling expenses -1,409 -1,341 -1,307
Administrative expenses -134 -114 -145
Operating profit 107 45 -115
Net financial 14 8 11
Profit before taxes 121 53 -104