Capital expenditure not related to acquisitions increased by €13 million to €210 million (5.6% of revenue) in 2018, compared with €197 million (5.7% of revenue) in 2017. The majority of capital expenditure is dedicated to optimizing the store network.
The following table shows the capital expenditure not related to acquisitions.
Capital expenditure
in millions of EUR | 2018 | 2017 |
|---|---|---|
Capital expenditure (not related to acquisitions) | 210 | 197 |
Store capital expenditure | 162 | 140 |
Non-store capital expenditure | 48 | 57 |
Store capital expenditure increased from €140 million in 2017 to €162 million in 2018 and primarily reflects the improvement of existing stores through renovations, refurbishments and rebranding including the further implementation of our standardized store concept, as well a record number of new store openings. Non-store capital expenditure of €48 million in 2018 decreased compared to €57 million in 2017 due to a higher number of ERP system roll-outs in the previous year.