Positive Benelux results
Strong drops in core markets Germany and Switzerland resulted in an overall drop, even though the second part of the year was promising with a 1.1 % growth. However, the first part of the year was quite a large drop, with a 4.5 % downfall.
The like-for-like revenue in the Benelux area experienced a 2.9 % increase in 2013 and was the third year in a row with an increase. Central and Eastern Europe also has a slight like-for-like turnover increase, with 0.7 %.
Charles Vögele decided to move out of several markets and since February 2014, the brand has left the Czech Republic, with Poland to follow by mid-2014. The company did however confirm it would remain present in Hungary.
