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2016 half-year results

International
31 August 2016
Auchan Holding (Auchan Retail, Immochan and Oney Bank) announced its half-year results at a press conference hold in Paris. 
 

Increasing revenues

 
At 30 June 2016, consolidated revenue excluding taxes for Immochan was almost stable at €311 million, up by 1.2% at constant exchange rates. After restatement for the impact of disposals in 2015, pro forma revenue grew by 3.7% at constant exchange rates in relation to the first half of 2015. Thanks to investments in the shopping centres to enhance their attractiveness, the number of vacant premises fell by 0.4 of a point to 5.5% in the year to 30 June 2016, and our 30 largest shopping centres in the world recorded a +2.7% increase in customer footfall. 
Immochan manages a network of 379 shopping centres worldwide, 246 of which are directly owned by it, representing a total of 3.9 million m² (of which 2.4 million m² of shopping mall GLA).
 
The company aims to pursue its development plan and to modernise sites in all countries in which it operates.  

 

During this first half of the year, we have seen encouraging signs which confirm our strategic choices. Immochan continued to modernise its sites and increase their attractiveness for customers. Oney Bank entered into several partnerships with a view to offering customers an easy and highly innovative shopping experience, for instance with Fivory to speed up the rollout of mobile payment in France. Auchan Retail, for its part, has seen very positive sales trends in almost all countries, including France where Auchan has seen a reversal of trend, Romania where we have seen remarkable growth, and China where we have stabilised our like-for-like revenue. Wilhelm Hubner, chairman of the Management Board of Auchan Holding​