Tesco 2001 Annual Report Download - page 6

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98 99 00 01
NUMBER OF
EUROPEAN
HYPERMARKETS
2
8
19
36
4TESCO PLC
2001 2000 Change
Rest of Europe performance £m £m %
Retail sales
(including value added tax) 1,970 1,527 29.0
Operating profit 70 51 37.3
Rest of Europe
In the Rest of Europe total sales rose by 29.0% to £1,970m
(2000 – £1,527m) and contributed an operating profit of £70m,
up from £51m last year.
Retail sales in the Republic of Ireland in local currency grew
by 6.7%, and our customers continue to benefit from the extended
range, improved service and better value.
In Central Europe total sales at constant exchange rates
were up 85.8%. Both the region as a whole and our lead country,
Hungary, moved into profit. We opened 17 hypermarkets in the
year giving us 36 in total with 5.1m sq ft.
Asia
In the year, our Asian businesses had sales of £919m (2000 –
£497m), up 84.9% on the previous year and made an operating
profit of £4m (2000 – £1m loss).
Our Tesco Lotus business in Thailand is profitable, now
comprising 24 hypermarkets and, in local currency, has shown
strong sales growth of 56.9%. We currently have 2.8m sq ft of
selling space in Thailand which will increase to 3.6m sq ft by the
end of 2001.
In South Korea, we opened five hypermarkets in the the space
of 65 days.We now have seven hypermarkets open with total sales
in local currency up 126%. In Taiwan, we acquired our first store in
December 2000 which will give us valuable early experience for
our future development programme.We will open two new stores
in 2001.
In Malaysia, with our partner, we are awaiting regulatory
approval to start our hypermarket development programme.
We continue to research in China and Japan.
2001 2000 Change
Asian performance £m £m %
Retail sales
(including value added tax) 919 497 84.9
Operating profit/(loss) 4 (1) n/a
POPULATION 70m
NUMBER OF STORES 183
SQUARE FOOTAGE 000s 6,754
STORES OPENED/SQ FT ADDED 19 / 1,927,000
CAPITAL EXPENDITURE £m 348
TURNOVER £m 1,970
OPERATING PROFIT £m 70
Rest of Europe fact file
POPULATION 130m
NUMBER OF STORES 32
SQUARE FOOTAGE 000s 3,643
STORES OPENED/SQ FT ADDED 13 / 1,386,000
CAPITAL EXPENDITURE £m 390
TURNOVER £m 919
OPERATING PROFIT £m 4
Asia fact file
OPERATING AND FINANCIAL REVIEW continued
99 00 01
14
19
32
NUMBER OF ASIAN
HYPERMARKETS