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Galeria Posts First Operating Profit in Over a Decade

Management attributes the turnaround to cost cuts, rent relief, in‑store partners.

Overview

  • Galeria says revenue topped €2 billion across 83 stores in the fiscal year ended September, with every location profitable on an operating basis.
  • The operative result was more than €100 million above prior years, although the company did not release detailed figures.
  • CEO Christian Sailer says the outcome validates a new business model built after the early‑2024 insolvency and restructuring.
  • Partnerships with Lidl and Decathlon boosted footfall, a Payback alliance is planned, and no additional store closures are currently planned.
  • Ongoing gaps include digital integration and reaching younger customers; the retailer employs about 12,000 and is owned by NRDC and a firm linked to Bernd Beetz.