Strong figures for Intermarché in France and Belgium

Groupement Mousquetaires, the group behind Intermarché, achieved sales growth of 6.4% last year. Half of that growth was due to the acquisition of Casino. In Belgium, the retailer grew 11%.

Better than the competition

The Musketeers realised sales of 42.5 billion euros in 2024, not including fuel sales. The lion’s share of that turnover came from supermarket chains Intermarché and Netto, together accounting for 32.7 billion euros in the French market. With a nice growth of 7.4%, those chains are outperforming their competitors on the home market, partly thanks to the acquisition of 273 stores of the Casino group. Still, half of the growth comes from the existing shop park, the retailer stressed.

In Belgium, Intermarché achieved sales of 1.9 billion euros with 159 stores, up 11%. Slightly more modest growth was achieved in Portugal (+3.6% to 1.9 billion) and Poland (+1.6% to 1.2 billion).

The group did less well in the DIY market. Sales of chains such as Bricomarché and Bricorama fell 3% to 3.3 billion euros. The industrial division Agromousquetaires lost 10% turnover, partly due to divestments. Most recently, Belgium’s What’s Cooking? acquired Breton ready meal producer Sveltic from Les Mousquetaires.