Retail

Esselunga Top Italian Food Retailer for Turnover

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Esselunga was the leading food retailer in Italy in terms of turnover during 2015, with sales €7.19 billion (+4.7% on 2014), according to a research study by Mediobanca.

The company, whose founder Bernardo Caprotti recently passed away, ended the past year with €276 million in profits and 152 sales points.

Over the past ten years (2006-2015), Esselunga increased turnover by 46%, more than double the average of the 30 retailers surveyed (19.5%).

The cumulative net profit reached €2.2 billion, the company paid €1.3 billion in taxes and the number of stores increased by 15%.

Discounter Eurospin was second on the list with revenues of €4.4 billion (+6.7%) in 2015, followed by Carrefour with €4.9 billion (+6.1%), Auchan-Sma with €4.1 billion (-8.9%) and Unicoop Firenze with €2.3 billion (-14%).

It is worth noting that, if all the 8 Coop consumers’ cooperatives were united, they would be, by far, the largest food retailer in Italy, with a turnover of around €11 billion.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.

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