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Retail

Conad Adriatico Celebrates 50 Years With Continued Sales Growth

By Branislav Pekic
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Conad Adriatico Celebrates 50 Years With Continued Sales Growth

Conad Adriatico has marked its 50th anniversary with the announcement that its turnover rose 7.7% last year to €1.85 billion.

The Italian retail cooperative is forecasting further sales growth in 2022, targeting €1.92 billion, however it anticipates some challenges ahead, in the form of inflation, lower consumer purchasing power, and the effect of the war in Ukraine.

The group ended last year with a net profit of €36 million.

Four-Year Investment Plan

Last year, Conad Adriatico approved a four-year investment plan worth €243.7 million, focused on new openings and the modernisation of existing stores, the digitalisation of activities, and boosting its logistics footprint.

Total capex in 2021 stood at €34 million, of which €13 million was used for new-store openings.

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The cooperative is the leading grocery retailer in Abruzzo, with a market share of 32.43%, and the biggest large-scale food distributor in the Marche region.

Conad Adriatico ended the year with 277 members and 455 stores, with a total area of 376,428 square metres, in various regions of the country: Marche (77 stores), Abruzzo (145), Molise (17), Puglia (167) and Basilicata (7). It also has 42 stores in Albania and Kosovo.

Read More: Conad Cooperatives Report Above-Market Sales Growth In 2020

Multiple Store Formats

The cooperative operates multiple store formats: 24 Spazio Conad, 17 Conad Superstore, 174 Conad, 126 Conad City, 31 Margherita Conad, 61 Todis and 17 L’Alimentare outlets.

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The network also includes four fuel distributors and one pet store, to which are added 27 parapharmacies – shops that sell everything that one would find in a pharmacy, except medication – 12 opticians, and five Conad Self 24h outlets.

In 2021, Conad Adriatico’s network of local suppliers included 562 local producers, with whom the cooperative has developed a turnover of €434.3 million (+€45.3 million on 2020).

© 2022 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: European Supermarket Magazine.

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