SES Achieves Record Turnover of Over 3 Billion Euros in 2022

The turnover of SES Spar European Shopping Centers increased by 18% to 3.1 billion euros, a record for the company.

SES, Austria’s leading shopping center operator, is strengthening its position against a retail market recovery. The total gross turnover of the 1,800 stores in 30 SES malls in the Czech Republic, Hungary, Croatia, Italy, Slovenia and Austria grew last year. Turnover rose 18% to €3.1 billion, a record high for the company, which has operated since 2007.

SES centers in the main Austrian market also exceeded their turnover in 2019 and showed stronger growth than the entire retail sector. Attendance rose 17.6 percent to more than 100 million visitors, almost returning to pre-pandemic levels.

Over the past year, SES has continued to invest in sustainability measures, such as large-scale installation of photovoltaic systems, expansion of electronic charging stations and upgrades to LED lighting.

SES operates 30 major malls in six countries, including two retail parks and one 830,000-square-meter managed shopping street in the Slovenian, Croatian, Northern Italian, Czech, Hungarian and Austrian markets.

“We attribute the above-average development of our malls to two factors. Alongside our retail partners, we focused once again on our customers in 2022. In addition to the shopper experience, we wanted to highlight what our shopping venues could offer in terms of services. We are also investing in on-site construction, focusing primarily on measures that significantly promote sustainability, especially energy efficiency, both of which are particularly relevant to our visitors.” commented Christoph Andexlinger, CEO of SES Spar European Shopping Centers.