Slight increase in sales at Globus

The Globus Group, based in St. Wendel, increased its sales by 0.7 per cent to € 4.15 bn in the 2004/2005 financial year (ended 30.06.05). Its profit-sales ratio in the operating sector rose by 0.1 per cent to 1.4 per cent. Globus hypermarkets increased their sales during the last financial year by 0.4 per cent, but the sales trend in the speciality store sector has caused some concern. However, improvements are consistently being made in this area, according to the company. Globus is going for expansion in Russia and is currently making preparations for its market launch there.