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Conad Ends 2018 On A High, Cuts Gap To Market Leader

Published on Dec 17 2018 10:59 AM in Retail tagged: Trending Posts / Italy / Conad / Paywall

Conad Ends 2018 On A High, Cuts Gap To Market Leader

Italian retailer Conad noted that it is ending 2018 with a 3% growth in turnover, to €13.4 billion, continuing the positive sales trend that the retailer has experienced since 2002.

It has also further reduced the gap between itself and market leader Coop, increasing its share from 12.5% in 2017 to 12.9% in 2018, while strengthening its leadership in the supermarket segment to 22.4% (21.5% last year).

Net assets increased from €2.37 billion to €2.53 billion, meaning: the retailer has been able to implement a €1.3 billion investment plan for the 2018-2020 period, €530 million of which is allocated for 2019.

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