2018 SES Résumé: Sales Increase Despite Refurbishments
Quality Initiative and Expansion Policy Result in Success
The 2018 financial year was very successful for Austria's largest shopping center operator, SES Spar European Shopping Centers. More than 1,700 retailers at 29 locations in six Central European countries generated sales revenues of EUR 2.76 billion. This is equivalent to an increase of +2.6% compared to 2017. In total, more than 108 million people visited the SES centers in the previous year (+1%). This was achieved despite large-scale refurbishments at three locations. A total of 57 million euros was invested in the modernization and further development of centers. An additional 150 million euros was injected into a new project in Ljubljana. In total, more than 200 million euros were made available for investments in new buildings, expansions, and refurbishments in 2018.