The worldwide retail and technology sectors are performing healthily with the GfK Group recording the highest margin for all the business divisions it tracks, for the third quarter 2007.Sales in Retail and Technology increased in the first nine months of this year by 9.9 per cent to 189.0 million euros, according to GfK.
Of the rise in sales, 11.2 per cent are attributed to increased organic growth in sales year-on-year (prior year: 8.2 per cent).
“The fast pace of growth in the two regions Germany and Asia and the Pacific in particular led to better-than-expected contributions to sales,” said GfK.
“Currency effects reduced sales by 1.3%. The rise in income was disproportionately high with an increase of 16.9% to 46.1 million euros, while the margin improved considerably, both on the same period in the prior year (23.0%) and on the first half of 2007 (23.1%) to 24.4%.”
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