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Dear Sir/Madam,

Welcome to our Press Center. May we express our pleasure at the fact that you have chosen to use the pool of information regarding our company and its products and services. This information and content is made available by SES Spar European Shopping Centers GmbH, Söllheimer Strasse 4, A - 5020 Salzburg and we are more than willing to provide you with copy, photographic and film material for your reporting about our company. However, the employment of these services is subject to the proviso that you consent to the following terms of use.

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24.04.2024

Financial results 2023: SES shopping malls strengthen position as regional visitor magnet and increase sales revenues above market level

With more than 112 million visitors, sales revenues increased to EUR 3.3 billion

SES Mall VARENA.jpg © Robert Fritz
SES Mall VARENA.jpg © Robert Fritz © Robert Fritz

This press release has: 7 Images 2 Documents

Austria’s market-leading shopping mall operator SES records a pleasing result for the demanding year 2023: in the year just completed, the gross sales turnover of the retailers, gastronomy and service businesses in the SES malls in Austria, Slovenia, Italy, Croatia, Hungary and Czechia amounted to EUR 3.32 billion, thus achieving a 5.1 percent increase in sales compared to 2022. 112 million people (+5.2%) visited the SES malls during the past year – which makes their sites especially attractive for the tenants of retail and gastronomy areas. There was also continued site expansion: with the purchase of the mall IL GRIFONE in Bassano del Grappa (Italy) the SES portfolio grew to 31 shopping destinations in six countries. In 2023 SES again made substantial investments in energy-optimised operation, in the quality of visits to the malls and in large-scale, forward-thinking photovoltaic systems. This year, in just a few weeks the first SES hotel will be opened in the centre of Lienz. And in Zagreb (Croatia) the go-ahead has just been given for the complete refurbishment of KING CROSS mall.

In total, SES Spar European Shopping Centers currently manages over 855,000 square metres of retail space, including 28 shopping malls, two retail parks and a managed shopping street. As at 31.12.2023 the company employed 422 people.

Marcus Wild, SPAR Real Estate Director and Chair of the SES Supervisory Board:
“SES Shopping Centers deliver outstanding results, are the market leaders in Austria and Slovenia, and are currently the exception within the real estate sector: highly successful, strong visitor magnets that are rock-solid, reliable drivers of success for our shop partners. Our Shopping Center Unit SES is the second most profitable area in the SPAR Group, immediately behind our food retail division! Since amalgamating SES into an autonomous corporate unit over 17 years ago, we have set the shopping center business on a sound foundation, and with our positive headlines we are countering the general trend in the real estate sector.”

Christoph Andexlinger, CEO SES Spar European Shopping Centers:
“In 2023 too we remained loyal to our fundamental principle of running our malls as vibrant environments. In so doing we focus totally on those offers that are extremely relevant for our visitors. The past year’s figures motivate us to consistently continue down this route. Generally we are seeing a consolidation of retail spaces, but due to their prime locations and high footfall our sites continue to be in high demand.”

Development of Austrian SES malls is above the market level
With a 4.9 percent growth in sales to over EUR 2 billion, the Austrian SES shopping locations grew faster than average compared to the general market trend in Austria (source: Statistik Austria). In total, almost all the malls were able to top their 2019 sales. Here SES operates 16 shopping malls, a retail park, and a shopping street which it manages in Seestadt Aspern in Vienna.

Top centres in Austria
The SES malls with the highest sales growth in 2023 compared to 2022 were EUROPARK Salzburg and Sillpark Innsbruck with an increase of over 8 percent, and ATRIO Villach and MARIANDL Krems with a sales increase of over 7 percent. FISCHAPARK Wiener Neustadt, MURPARK in Graz and the Nussdorf-Debant specialist retail park were able to increase their sales by over 6 percent.

Shops on the rise: A-locations are in high demand among industry leaders
SES sites were in great demand from leading brands in 2023: thus the Inditex Group opened a Bershka flagship store at GERNGROSS Vienna, which is its largest branch in Austria. Further major spaces in other centres were leased in the long term. The contract was signed with Peek & Cloppenburg for an opening at CITYPARK Graz, and a totally renovated P&C flagship store was opened in Salzburg. In 2023, a total of 340 lease agreements and extensions were concluded for around 79,000 m² of retail space in SES Malls in Austria alone. Across all the shopping centres numerous new shops opened in the textile, shoe, health&beauty, service and gastronomy segments.

Development in Slovenia, Croatia, Italy, Hungary and Czechia
In Slovenia SES is the market leader in large shopping malls and increased its sales at the five locations to over EUR 700 million (+6.5%). In 2023 SES received the renowned Design and Development Award from the European Council of Shopping Places (ECSP) for the shopping mall ALEJA Ljubljana.

Sales revenues from the three North Italian SES shopping malls grew by 1.3 percent in the past year. In September 2023 a fourth location was added, the mall IL GRIFONE in Bassano del Grappa. In Croatia KING CROSS Zagreb increased its sales by 14 percent. Sales at the two Hungarian locations KORZÓ Nyíregyháza and S-PARK Kaposvár grew by 8.5 percent in total. In the Czech mall EUROPARK Prague the new anchor tenant Globus has been a locomotive for growth since June: in 2023 the centre counted 26 percent more visitors and achieved a 24% growth in sales.

Sustainable measures expedited
Alongside the positive business development, SES is pursuing an important goal: to keep the technical quality of the centres at a high level, consume as little energy as possible, and further expand the proportion of energy the centres generate themselves from solar and hydropower. The energy requirement in excess of this is covered 100% in Austria and Italy with green power from renewable energy sources. Large savings are achieved with the climate systems in the malls, which are optimised to requirements: in Austria alone last year the SES malls saved 2.7 million kilowatt hours of electricity per year by adjusting the ventilation to the number of visitors in the mall, naturally while still ensuring the same high quality of their visit. This corresponds to the annual power consumption* of over 770 one-family houses.

In 2023 SES invested EUR 46 million in maintenance, energy-reduction measures, conversions and modernisations, and continued the consistent conversion of the lighting in garages, malls and on facades to LED. In Austria, Slovenia and Italy the SES malls operate with an energy management system certified by TÜV AUSTRIA, which was routinely checked and successfully extended in 2023. SES is also preparing for the introduction of an environment management system.

The expansion of the photovoltaic systems on the centre roofs was expedited on a large scale: all five centres in Slovenia were equipped with photovoltaic systems in 2023, as was VARENA Vöcklabruck in Austria with the largest PV system to date within the SPAR Group. In Italy LE BRENTELLE in Padova was equipped with such a system. At the start of 2024 this was followed by the commissioning of the photovoltaic systems on MAX.CENTER Wels and ATRIO Villach. In total SES operates over 45,000 m² of PV areas for its own electricity production, including those on seven centre roofs in Austria (MURPARK Graz, WEBERZEILE Ried, Mariandl Krems, CITYPARK Graz, VARENA Vöcklabruck, MAX.CENTER Wels, ATRIO Villach). SES is thus coming a large step closer to its climate goal of making 50 percent of the available roof areas usable for photovoltaics.

Site expansion: Hotel opening in 2024 and green light for starting construction and projects
2023 was trailblazing for SES in terms of project development. The construction of the hotel in the centre of Lienz is entering its final phase – trial operation is starting at the end of April, with the official opening taking place in June.

In Croatia in 2023 preparations were made for the complete refurbishment of the mall KING CROSS in Zagreb, and construction began at the end of March 2024. With the refurbishment the mall area will be modernised and a large proportion of the shop spaces will be adapted. The location is being given a new central square, as well as highly attractive gastronomy areas with a connection to outdoors. Completion is planned for late summer 2025.

This year will also see the start of construction for an S-Park in the centre of Varazdin (Croatia) on the site of a textile factory that ceased operations years ago. The opening will take place in 2025.

An important milestone was also achieved for the extension of EUROPARK Salzburg, Austria, in 2023 which SES has envisaged for over a decade, with the acquisition of the site regulations for a further 8,500 m² of retail space. The corresponding planning is in full swing.

*Calculation basis: annual power consumption of a one-family house amounting to 3,500 kWh

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SES Spar European Shopping Centers

SES is active as a developer, constructor, and operator of shopping centers in six Central European countries: Austria, Slovenia, Italy, Hungary, Croatia, and Czech Republic. The company currently manages 31 shopping locations in Central, Southern, and Eastern Europe, with a total leasable area (GLA) of more than 855,000 square meters. SES is the market leader in Austria and Slovenia for large-scale shopping centers. With over 117 million visitors every year, the retail partners in SES shopping centers generated a total sales turnover of 3.54 billion euros in 2024.  SES also offers its know-how in the areas of project development, construction management, leasing of shop space, as well as center and facility management very successfully to external owners of shopping malls. SES centers have already received several national and international awards for architecture and design, sustainability, traffic flow concepts, and innovative marketing. In 2023 the ALEJA Shopping Center in Ljubljana won the internationally acclaimed ECSP Design and Development Award in the category of New Centre Developments of 15,000 to 45,000 Square Metres. SES is part of the SPAR Austria Group.

Additional information can be found at: www.ses-european.com and presse.ses-european.com.

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Images (7)

SES Mall VARENA.jpg © Robert Fritz
SES Mall VARENA.jpg © Robert Fritz
1 000 x 668 © Robert Fritz
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SES Mall VARENA.jpg © Robert Fritz

SES Mall VARENA.jpg © Robert Fritz
© Robert Fritz
SES Mall ALEJA.jpg © ATP Pierer
SES Mall ALEJA.jpg © ATP Pierer
1 000 x 750 © ATP Pierer
File size: 807,2 KB | .jpg
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SES Mall ALEJA.jpg © ATP Pierer

SES Mall ALEJA.jpg © ATP Pierer
© ATP Pierer
Photovoltaik VARENA © VARENA _ Flightkinetic
Photovoltaik VARENA © VARENA _ Flightkinetic
1 500 x 1 125 © VARENA_Flightkinetic
File size: 1,9 MB | .jpg
| | All sizes
Photovoltaik VARENA © VARENA _ Flightkinetic

Photovoltaik VARENA © VARENA _ Flightkinetic
© VARENA_Flightkinetic
Mag. Marcus Wild.jpg © SPAR evatrifft
Mag. Marcus Wild.jpg © SPAR evatrifft
1 772 x 2 215 © SPAR evatrifft
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Mag. Marcus Wild.jpg © SPAR evatrifft

Mag. Marcus Wild.jpg © SPAR evatrifft
© SPAR evatrifft
Mag. Christoph Andexlinger SES CEO.jpg © SES Florian Stürzenbaum
Mag. Christoph Andexlinger SES CEO.jpg © SES Florian Stürzenbaum
2 362 x 1 575 © SES Florian Stürzenbaum
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Mag. Christoph Andexlinger SES CEO.jpg © SES Florian Stürzenbaum

Mag. Christoph Andexlinger SES CEO.jpg © SES Florian Stürzenbaum
© SES Florian Stürzenbaum
King Cross Zagreb – Visualisierung.jpg © Chapman Taylor Düsseldorf
King Cross Zagreb – Visualisierung.jpg © Chapman Taylor Düsseldorf
1 000 x 592 © Chapman Taylor Düsseldorf
File size: 716,8 KB | .jpg
| | All sizes
King Cross Zagreb – Visualisierung.jpg © Chapman Taylor Düsseldorf

King Cross Zagreb – Visualisierung.jpg © Chapman Taylor Düsseldorf
© Chapman Taylor Düsseldorf
IL GRIFONE 2 © SES Italy
IL GRIFONE 2 © SES Italy
4 000 x 2 250 © SES Italy
File size: 1,8 MB | .jpg
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IL GRIFONE 2 © SES Italy

IL GRIFONE 2 © SES Italy
© SES Italy
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Documents (2)

  • Press Release SES Financial Results 2023 national
    .docx | 79,6 KB ©
  • Press Release SES Financial Results 2023 national
    .pdf | 189 KB ©

Contact

Claudia Streitwieser-Schinagl (EN)
Claudia Streitwieser-Schinagl
Head of Public Relations
T +43 662 4471
M +43 664 2650 450 
E-Mail
SES Mall VARENA.jpg © Robert Fritz

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1,3 MB .jpg © SPAR evatrifft
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Press Release SES Financial Results 2023 national

Press Release SES Financial Results 2023 national

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Press Release SES Financial Results 2023 national

Press Release SES Financial Results 2023 national

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.pdf 189 KB
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Claudia Streitwieser-
Schinagl
Head of Public Relations

T +43 (0)662 4471-0
M +43 (0)664 2650450

presse@ses-european.com
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