The family behind Kiwi and Menu got 385 million in dividends – Aftenposten

The family Johannson who controls Norway Group, used last year to buy even more of the company. They now control 74 percent of matgiganten.

Thus, they also 385 million in dividends after Norway group presented an operating 2.9 billion, an increase of 11.7 percent from 2013. The total turnover they NOK 71.4 billion last year. That is an increase of 5.9 percent from the year before

The operating margin was 4.1 percent for the company that controls Kiwi, Menu, Spar and Joker.

Norway Group, which is the largest trading house in Norway controlled by billionaire Johan Johannson, Norway’s fourth richest according Kapital.

– We are in an industry where there are high margins, but large volumes, says CEO Tommy Korneliussen Aftenposten.

1 million customers in the shop every day

Probably you leave more money here than many other places. And there are many of us who do.

– We have one million customer visits every day of our 1750 stores in 90 percent of municipalities in Norway, brag Korneliussen at the press conference.

Norway Group kontorllerer not only 39.3 percent of the grocery industry, in addition, they sell food to restaurants and cafes, hospitals and canteens across the country through the wholesale company Asko.

– We are pleased with our revenue and are left with a sensible result. We see that it is not possible to take out particularly higher margins, it does not contest, says Korneliussen.

Last time this group came into the spotlight, was in connection with Brennpunkt documentary about the grocery industry. Here it emerged that they exploited the small award-winning provider Whale chocolate in conjunction with a negotiation with Hvals competitor Nidar. After the documentary experienced whale a storm of sympathy.

– Not David against Goliath

– We recognize that we are a major player and accept that we have a critical spotlight on us, says Korneliussen .

Meanwhile, it became known that anaylseselskapet Oslo Economics said the price rise of food due to food shops. They have increased their prices by 2 percent more than contractors made, the survey shows Oslo Economics has conducted on behalf of the vendors.

Spokesman suppliers believed this was the answer to the question of food and agriculture minister Sylvi Listhaug Asked when food prices rose disproportionately fall. When she called, among other things Norway Group on the carpet to find some answers.

– We believe that this is not a battle between David and Goliath, where David is the vendors. We have 1000 suppliers. 20 of them account for 75 percent of our purchases. We believe this is a fight between Goliath and Goliath, says Korneliussen.

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Published: March 26th. 2015 4:52 p.m.