Conad Adriatico Exceeds Turnover Of €2bn In FY 2023

By Branislav Pekic
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Conad Adriatico Exceeds Turnover Of €2bn In FY 2023

Conad Adriatico, a cooperative spanning five regions in Italy, achieved a turnover of €2.13 billion in 2023, representing a 6.6% increase compared to 2022.

The group's network comprises 473 stores.

In 2023, Conad Adriatico countered rising inflation by focusing on affordability. It expanded its ‘Bassi e Fissi’ basket to offer a wider selection of discounted private-label products, reaching a total of 900 SKUs.

This investment resulted in an increased sales volume in 2023 and in the first half of 2024.

Conad Adriatico consolidated its position as the leading distribution group in the Abruzzo (32.07% market share), Marche (21.29%) and Molise (21.29%) regions.


Annual Highlights

Conad’s private-label brands played a key role in its performance, with store brand share growing steadily across both large and convenience stores.

Elsewhere, the group's convenience stores maintained a significant advantage over their discount competitors, exceeding the average market share by over 13 percentage points.

Conad Adriatico opened its eighth distribution centre in March 2024, situated in Grottaglie, near Taranto (Apulia), to expedite deliveries to nearly 178 stores in Puglia and Basilicata. By reducing transportation distances, the new centre also contributes to a smaller environmental footprint.

Elsewhere, the group's focus on sustainability encompasses increasing clean-energy production and reducing consumption throughout its logistics and store operations.


Development Plan

Conad Adriatico has outlined a development plan for 2023-26, with €342 million earmarked for network expansion, digitalisation, store format modernisation, local supply chain development, employee training, and development.

In March of this year, the Italian cooperative inaugurated a new distribution centre in Grottaglie, Taranto.

Spanning over 21,000 square metres (with 9,500 covered), the warehouse is designed to manage the supply chain while ensuring quality products for consumers and fostering regional growth.

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