EANS-Adhoc: Valora Holding AG Valora Retail exceeds expectations, with 160 k
kiosk outlets already operating on an agency basis
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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15.12.2011
Valora Retail exceeds expectations, with 160 k kiosk outlets already operating
on an agency basis
Agency system developing successfully - sales at agency outlets up by between
3 and 5 percent, cost efficiency savings exceed 5 percent target.
k kiosk Germany achieving average sales growth of 16 percent at tabacon units
now converted to k kiosk format.
Agency system developing successfully - sales at agency outlets up by between
3 and 5 percent, cost efficiency savings exceed 5 percent target.
A year and a half after adopting this new outlet business model, Valora now has
160 k kiosk units running as autonomous agent-operated units in Switzerland. The
expansion of the k kiosk agency system under the «Valora 4 Growth» strategy is
proving increasingly successful. The Group has far exceeded its original
objective of having some 100 units running on an agency basis by the end of
2011. As of December 1, 2011, 160 k kiosk outlets have been operating as
agent-managed outlets. By the end of 2015, Valora intends to expand its agency
network to encompass at least 350 k kiosk sites. These agency units are
generating incremental sales up by between 3 to 5 percent on average, in line
with expectations. Cost efficiency levels have also been improved, as
streamlined resource deployment has generated cost savings of well over the 5
percent Valora had budgeted.
Through this initiative, Valora is not only actively promoting entrepreneurship
in Switzerland, but also specifically furthering the development of the SME
sector. The agency system has become successfully established in a variety of
retail formats in Switzerland and other countries and is now one of the
industry´s most promising business models. In the words of Thomas Vollmoeller,
the Valora Group´s CEO, "The k kiosk agency system enables Valora to offer
energetic and entrepreneurially minded employees an attractive opportunity to
establish businesses of their own."
k kiosk Germany achieving average sales growth of 16 percent at tabacon units
now converted to k kiosk format.
The k kiosk brand is also gaining ground in Germany. Following its acquisition
of some 180 tabacon franchise outlets, Valora has added to the 20 k kiosk units
already operating in Germany by converting 65 former tabacon franchise units to
modern k kiosk outlets. After they have been modified to the established k kiosk
format - thus extending their product range to include food, beverages, press
products and services - the former tabacon outlets have increased their sales by
16 percent on average. Valora expects these outlets to achieve further growth in
sales and profitability in the years ahead.
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Key facts and figures for Valora Holding AG
Valora is a consumer goods trading company, specialising in small-outlet
retail and operating in selected niche markets (www.valora.com).
The Valora Retail division operates kiosks and other small-outlet retail
formats in heavily frequented locations across Europe (www.valoraretail.com)
In its Swiss, German, Luxembourg and Austria markets, Valora Retail operates
some 1,600 kiosks, convenience stores and gastronomy units.
Valora Retail is Switzerland´s leading operator of standardised small and
micro-outlet retail formats in heavily frequented locations.
Valora Retail Switzerland operates the following outlets:
- 960 k kiosks
- 103 avec. shops (both as Valora-operated and franchisee units)
- 15 convenience stores (e.g. at Tamoil filling stations)
- 18 Press & Books units
- 41 gastronomy units (30 Caffè Spettacolo and 11 espresso outlets)
Through its 160 Press&Books outlets, Valora Retail Germany is the leading
bookseller at German railway stations and airports. In addition, the company´s
k kiosk business unit operates 195 tobacco and press product outlets, mostly in
shopping centres and department stores.
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Further inquiry note:
Investor Relations: Tel: +41 58 789 12 20
Mladen Tomic E-Mail: mladen.tomic@valora.com
Media Relations: Tel: +41 58 789 12 01
Stefania Misteli E-Mail: stefania.misteli@valora.com
end of announcement euro adhoc
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issuer: Valora Holding AG
Hofackerstrasse 40
CH-4132 Muttenz
phone: +41 61 467 20 20
FAX: +41 58 789 12 12
mail: info@valora.com
WWW: www.valora.com
sector: Retail
ISIN: CH0002088976
indexes:
stockmarkets: stock market: BX Berne eXchange, Main Standard: SIX Swiss Exchange
language: English