Esselunga To Close 2017 With €9 Billion Turnover: Reports
Italian supermarket chain Esselunga is aiming for a turnover of €9 billion this year, with gross margin of between €750 and €800 million, reports La Repubblica.
Some 70% of its turnover is expected to be achieved in Italy’s richest region, Lombardy, where its market share is 21.4%, compared to 9% nationally. Overall, the retailer generated revenue of €8.6 billion in 2016.
According to S&P, Esselunga has the highest profitability in the sector, thanks to a profit margin and revenue ratio of 8-9%, with €1.8 billion of debts.
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