Spar CEO Graham O’Connor takes us through full-year results from the retail group, which were boosted by recent acquisitions in Ireland and Switzerland
Graham O’Connor is CEO of Spar BUSINESS DAY TV: Spar has reported a 24.5% rise in revenue for the year to September, helped by its growing international business. Headline earnings per share are up by just over 22%. Joining me with more is CEO Graham O’Connor. Graham, to what extent have your international operations helped to prop up revenue and profit, because it looks like your South African business has also proved quite resilient? GRAHAM O’CONNOR: Yes, our South African business – we’re delighted with a 9.5% increase in the turnover line, because the economy has been really tough for the year gone by, so that has been strong. Going forward now, our international business is also very strong. Ireland is growing very well. The acquisition of Londis helped Irish business grow top line, but also their organic growth for their stores for the first time in a number of years has been positive. So, all their franchise elements of Spar, Eurospar, Londis – they’ve all grown, which is rea...
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