Reitan Group makes record profit

- Ten years ago Rema 1000 was behind almost all of the result in the Reitan Group. That Rema 1000 now make 50 percent of the result in the group, despite its success, tells a lot about the growth the group has from other businesses, says financial director of the Reitan Group, Kristin Genton. Rema 1000, a grocery chain, had record growth in 2009. The low-price chain now has a market share of 20.3 percent in the Norwegian grocery market.
Rema 1000 have been a formidable success over the last years and has grown more than expected in both Norway and Denmark. – Over the next years we will continue to focus on quality products to the lowest price, fresh products and variation, says the managing director of Rema 1000, Ole Robert Reitan. The Reitan Group made a lot of money last year. The company made a 1.8 billion NOK profit, its business are growing strongly. The turnover of Reitan Group was 57.25 billion NOK last year. Rema 1000 had almost 40 billion in sales income, an increase of 18 percent from 2008. Reitan Servicehandel did well, while Uno-X, almost doubled the operating result. The property arm of the group delivered as well.