In 2012 A.S. Watson saw its sales rise by 4% to 148.626 billion Hong Kong dollar (almost 15 billion euro). The parent company of Kruidvat, ICI Paris XL and Trekpleister achieved a company profit of 10.048 billion dollar or 1 billion euro, 8% more than last year.
Stable growth despite crisis
According to the year report of Hutchinson Whampoa, the parent company of A.S. Watson, all important units of the retail group had a significant input to the growing sales and operational margin, on a comparable basis. Even in Europe the results were good, despite the ongoing crisis, mainly due to keeping costs under control and heightened efficiency.
In 2013 A.S. Watson wants to expand the number of locations, mainly in markets with a higher economic growth such as China and a number of other Asian countries. The company is mainly active in health and personal care products and has 10.800 shops and pharmacies worldwide, divided across 20 retail formulas in 33 markets.