Lekkerland Group: challenging year 2017 completed successfully

In spite of a number of challenges and an ongoing fiercely competitive market environment, the Group succeeded in driving forward the positive business development achieved in previous years. In 2017, the Group generated sales of € 12.8 bn (previous year: € 13.0 bn). The result from operations before financial result was € 104.3 m.

“We are able to look back on 2017 with a great deal of satisfaction. We had to overcome a number of challenges as the intensity of competition got fiercer overall, the tobacco market declined and a major customer gradually switched to a competitor. We were successful, as the result demonstrates,” said Patrick Steppe, CEO of Lekkerland AG & Co. KG.

In the business year 2017, sales fell back slightly in all segments. In the Germany segment, sales came down by 2.1% compared with the previous year to € 7.571 bn. In the Rest of Western Europe segment, sales eased by 1.0% to € 5.213 bn. Sales in the tobacco goods product group fell by 2.7% to € 10.121 bn, whereas sales in the higher-margin range of food/non-food climbed once more by 2.6% to € 2.544 bn. In the commissions on electronic value (e-va)/miscellaneous product group, the Lekkerland Group was able to expand sales by 2.1% to € 119.2 m.

The key success indicators in the business year 2018 are likely to be lower than in the business year 2017, although it is anticipated that they will match the good level of the year 2016.