Benchmarking Top 50 European Retail Companies on Key Financial Parameters (2010-11) January 2012
Disclaimer This document is the proprietary and exclusive property of Sutherland Global Services except as otherwise indicated. No part of this document, in whole or in part, may be reproduced, stored, transmitted, or used for design purposes without the prior written permission of Sutherland Global Services. The information contained in this document is subject to change without notice. The information in this document is for information purposes only. Sutherland Global Services® disclaims all warranties, express or limited, including, but not limited, to the implied warranties of merchantability and fitness for a particular purpose, except as provided for in a separate software license agreement. All confidential or proprietary information contained in Sutherland’s response shall at all times be and remain the sole and exclusive property of Sutherland Global Services, Inc.
©©2013 GlobalServices Services Inc., rights reserved. Privileged and confidential information of Sutherland Global 2010Sutherland Sutherland Global Inc., All All rights reserved. Privileged and confidential information of Sutherland Global Services Inc. Services Inc.
www.sutherlandglobal.com
Disclaimer Disclaimer
THE SAMPLE CONTAINS EXCERPTS FROM A STUDY CONDUCTED BY SUTHERLAND GLOBAL SERVICES FOR ITS CLIENT. THE SAMPLE MAY NOT CONTAIN ALL THE PAGES OF THE ORIGINAL DOCUMENT THIS SAMPLE HAS BEEN PREPARED BY SUTHERLAND GLOBAL SERVICES, INC. OR ITS ASSOCIATES OR AFFILIATES (“SUTHERLAND GLOBAL SERVICES”) EXCLUSIVELY AS AN ILLUSTRATIVE SAMPLE ONLY AND IS SENT TO AUTHORISED RECIPIENTS SOLELY FOR THE PURPOSE OF EVALUATING SUTHERLAND GLOBAL SERVICES’S SUPPORT SERVICE CAPABILITIES. THIS SAMPLE SHOULD NOT BE CONSIDERED AS AN OFFER TO SELL, A SOLICITATION TO BUY, OR AN ENDORSEMENT OR RECOMMENDATION OF ANY COMPANY. SUTHERLAND GLOBAL SERVICES DOES NOT GUARANTEE THE ACCURACY, COMPLETENESS OR OTHER CHARACTERISTICS OF THE DATA / INFORMATION OF THE REPORT. This Sample may not be reproduced or distributed (in whole or in part) to any third party without the express prior permission of Sutherland Global Services. Sutherland Global Services may also have (or have had) arrangements with entities whereby Sutherland Global Services receives or is in receipt of information relating to the subject matter of this Sample that is confidential or proprietary to a third party, and hence may not be utilized. Accordingly, Sutherland Global Services may be in receipt of relevant information that is not reflected in this Sample.
© 2013 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com 6 August 2014
2
Europe Retail – Top 50 Companies (1/6) Apparel/Footwear Sr. No.
European Retail Rank
1
34
Company H & M Hennes & Mauritz AB
Type of Company
Country of Origin
Public
Sweden
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
13,874
1,777
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
86,057
2,076
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
17,831 17,068 12,691
626 951 250
Sales CAGR (‘05-’10) 10%
Sales CAGR (‘10-’15E)
Europe Sales as % of Total
6%
86
Cash & Carry/Warehouse Club Sr. No.
European Retail Rank
1
2
Company Metro AG
Type of Company
Country of Origin
Public
Germany
Sales CAGR (‘05-’10) 2%
Sales CAGR (‘10-’15E)
Europe Sales as % of Total
4%
96
Department Store Sr. No.
European Retail Rank
1 2 3
22 25 37
Company El Corte Inglés, S.A. Marks & Spencer Group Plc Karstadt
Type of Company
Country of Origin
Private Public Private
Spain United Kingdom Germany
Sales CAGR (‘05-’10) -1% 3% N/A
Sales CAGR (‘10-’15E) 2% 8% -1%
Europe Sales as % of Total 100 99 100
Source: Sutherland Research © 2013 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com 6 August 2014
3
Europe Retail – Top 50 Companies (2/6) Discount Store Sr. No.
European Retail Rank
1 2 3 4 5
4 14 16 36 41
Company Schwarz Group Aldi Süd Aldi Nord X5 Retail Group Jeronimo Martins SGPS SA
Type of Company
Country of Origin
Private Private Private Private Public
Germany Germany Germany Russia Portugal
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
78,298 26,594 23,124 12,778 11,782
10,123 3,106 4,817 2,502 2,051
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
11,959
3,308
Sales CAGR (‘05-’10) 8% 6% 1% N/A 20%
Sales CAGR (‘10-’15E) 5% 4% 1% 18% 13%
Europe Sales as % of Total 100 71 77 100 100
Drug Store Sr. No.
European Retail Rank
1
39
Company Alliance-Boots
Type of Company
Country of Origin
Private
United Kingdom
Sales CAGR (‘05-’10) N/A
Sales CAGR (‘10-’15E)
Europe Sales as % of Total
3%
99
Source: Sutherland Research © 2013 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com 6 August 2014
4
Europe Retail – Top 50 Companies (3/6) Electronics & Entertainment Sr. No.
European Retail Rank
1
27
2
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
Sales CAGR (‘05-’10)
Sales CAGR (‘10-’15E)
Type of Company
Country of Origin
Euronics
Private
Germany
16,472
14,785
6%
2%
100
30
Dixons Retail Plc
Public
United Kingdom
15,547
1,414
0%
8%
100
3
46
Kesa Electricals Plc
Public
United Kingdom
10,372
739
4%
6%
100
4
47
Expert International GmbH
Public
Switzer-land
10,336
3,134
3%
3%
100
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
Company
Europe Sales as % of Total
Home Improvement Sr. No.
European Retail Rank
1
13
2
Sales CAGR (‘05-’10)
Sales CAGR (‘10-’15E)
Type of Company
Country of Origin
The IKEA Group
Private
Sweden
26,924
232
10%
5%
78
26
Groupe Adeo SA
Private
France
16,849
1,063
118%
7%
96
3
28
Kingfisher Plc
Public
United Kingdom
16,200
672
2%
6%
96
4
31
Tengelmann Warenhandelsgesellschaf KG
Private
Germany
14,798
5,271
-9%
3%
64
Company
Europe Sales as % of Total
Source: Sutherland Research © 2013 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com 6 August 2014
5
Europe Retail – Top 50 Companies (4/6) Hypermarket/Supercenter Sr. No.
European Retail Rank
1
1
2
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
Sales CAGR (‘05-’10)
Sales CAGR (‘10-’15E)
Type of Company
Country of Origin
Carrefour S.A.
Public
France
94,369
11,796
1%
3%
74
3
Tesco Plc
Public
United Kingdom
78,922
3,797
3%
6%
83
3
6
Groupe Auchan SA
Private
France
56,327
2,584
5%
6%
96
4
8
Centres Distributeurs E. Leclerc
Private
France
40,672
754
3%
3%
100
5
12
Walmart
Public
USA
31,231
383
0%
5%
7
6
17
Casino Guichard-Perrachon S.A.
Public
France
22,987
6,080
0%
2%
70
7
35
Louis Delhaize S.A.
Private
Belgium
13,613
1,049
0%
4%
94
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
17,444 12,193
168 N/A
Company
Europe Sales as % of Total
Non-Stores Sr. No.
European Retail Rank
1 2
24 38
Company Otto Group Amazon.com
Type of Company
Country of Origin
Private Public
Germany USA
Sales CAGR (‘05-’10) 7% 31%
Sales CAGR (‘10-’15E)
Europe Sales as % of Total
4% 23%
87 35
Source: Sutherland Research © 2013 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com 6 August 2014
6
Europe Retail – Top 50 Companies (5/6) Specialty Sr. No.
European Retail Rank
1 2
48 32
Company Home Retail Group Plc PPR S.A.
Type of Company
Country of Origin
Public Public
United Kingdom France
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
10,082 14,695
1,115 392
Sales CAGR (‘05-’10) -1% -1%
Sales CAGR (‘10-’15E) 15% 0%
Europe Sales as % of Total 100 90
Source: Sutherland Research © 2013 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com 6 August 2014
7
Europe Retail – Top 50 Companies (6/6) Supermarket Sr. No.
European Retail Rank
1 2
5 7
3
9
4 5 6 7 8 9 10 11 12 13 14
10 11 15 18 19 20 21 23 29 33 40
15
42
16 17
43 44
18
45
19 20
49 50
Company Rewe Group Edeka Zentrale AG & Co. KG ITM Développement International(Intermarché ) Koninklijke Ahold N.V J Sainsbury Plc WM Morrison Supermarkets Plc Mercadona, S.A. Système U, Centrale Nationale Migros-Genossenschafts Bund Coop Norden Coop Italia Coop Group Co-Operative Group John Lewis Partnership Plc Conad Consorzio Nazionale, Dettaglianti Soc. Coop. a.r.l. S Group Grupo Eroski SPAR Österreichische WarenhandelsAG Kesko Corporation NorgesGruppen
2010 European Retail Sales (USD Mn)
2010 European Retail Stores
Sales CAGR (‘05-’10)
Sales CAGR (‘10-’15E)
Type of Company
Country of Origin
Europe Sales as % of Total
Private Private
Germany Germany
61,185 52,277
13,541 15,334
5% 4%
0% 2%
100 100
Private
France
39,854
3,714
1%
2%
100
Public Public Public Private Cooperative Private Private Cooperative Private Cooperative Private
Netherlands United Kingdom United Kingdom Spain France Switzerland Sweden Italy Switzerland United Kingdom United Kingdom
33,595 33,532 26,340 20,231 19,451 18,812 18,545 17,617 16,093 14,650 11,793
4,548 907 439 1,310 1,775 1,889 2,906 1,163 2,600 4,951 274
2% 2% 2% 10% 5% 7% 4% 3% 9% 15% 2%
3% 6% 7% 4% 2% 2% 3% 3% 7% 5% 8%
58 100 100 100 100 100 100 100 100 100 100
Cooperative
Italy
11,512
2,701
5%
3%
100
Cooperative Private
Finland Spain
11,353 10,876
1,475 2,005
7% 9%
1% 2%
100 100
Public
Austria
10,841
2,342
8%
5%
96
Public Private
Finland Norway
10,030 9,601
1,594 2,746
0% 7%
3% 2%
100 100
Source: Sutherland Research © 2013 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com 6 August 2014
8
Thank You
Š 2013 Sutherland Global Services Inc., All rights reserved. Privileged and confidential information of Sutherland Global Services Inc.
www.sutherlandglobal.com 6 August 2014
9