Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Italy's Etruria Retail Sees Slight Dip In Turnover In FY 2021

Italian regional retailer Etruria Retail closed 2021 with a turnover of €238 million and a network of 321 stores.

The company's turnover was down by €14 million compared to 2020, which was a record-breaking year for the business due the continuation of pandemic restrictions. Year-on-year turnover in full-year 2020 was €34 million than the previous period.

Overall, growth is positive over a two-year period, amounting to €20 million, which is an increase of 10%.

The Siena-based company is active in four regions in central and northern Italy (Tuscany, Umbria, Lazio, and Liguria), operating 157 Carrefour-branded stores (as a master franchiser) and 164 stores under the La Bottega Sapori&Valori banner.

Capital Expenditure Increase

Capital expenditure last year amounted to €57.5 million, while shareholders' equity grew to over €45 million, covering nearly 80% of the invested capital. In addition, there was no change of net financial debt, at just over 5% of sales.

Miscellaneous goods accounted for 49% of sales, followed by cured meats and dairy products (23%); fruit and vegetables (13%), meats (9%) and fresh fish (6%).

Share Of Sales

The company's largest share of sales is in the area of Arezzo, Grosseto and Siena (54%), followed by northern Tuscany and the province of La Spezia (32%), Umbria, Lazio and Abruzzo (14%).

At the provincial level, Grosseto, with 23%, Siena (18%) and Arezzo (12%) were in double figures.

In terms of the composition of sales, 83% was recorded in Carrefour branded stores (Express, Market and other banners), followed by Bottega Sapori e Valori (10%), while other banners accounted for the remaining 7%.

Read More: Italy Business, Consumer Morale Rises In May: ISTAT

© 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.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days