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Retail

Les Mousquetaires Reports 10% Growth In Turnover In FY 2023

By Dayeeta Das
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Les Mousquetaires Reports 10% Growth In Turnover In FY 2023

Groupement Les Mousquetaires has reported a 10% increase in turnover (excluding fuel), to €39.9 billion, in its 2023 financial year.

Les Mousquetaires operates the Intermarché, Netto, Bricomarché, Bricorama, Brico Cash, Tridôme, Roady and Rapid Pare-Brise banners.

In Belgium, France, Poland and Portugal, the overall turnover of its Intermarché and Netto banners amounted to €35.13 billion, excluding fuel (€48.09 billion including fuel).

Elsewhere, the Maison des Mousquetaires equipment brands generated a turnover of €4.5 billion.

Performance In France

In France, Les Mousquetaires’ grocery retail chains, Intermarché and Netto, generated a turnover of €30.5 billion during the year, excluding fuel (€42.2 billion including fuel).

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Intermarché saw turnover growth of 8.8% (excluding fuel), to €28.8 billion, while Netto reported a 15.7% increase, to €1.6 billion.

Both chains implemented price reduction measures and introduced promotions and offers on fresh products, to help consumers beat inflationary pressures.

These measures helped the retail group add over 600,000 new homes to its customer list.

Other Countries

In Poland, where Les Mousquetaires operates the Bricomarché and Intermarché brands, the company achieved overall growth of 7.4% (excluding fuel), to €2 billion.

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Intermarché, with 183 stores, registered growth of 6.4% (including fuel), while Bricomarché, with 193 outlets, grew by 3.2%.

In Portugal, the group saw an overall increase of 7.8% (excluding fuel), to generate turnover of €2 billion.

With 161 stores, Intermarché reached a record turnover of €1.7 billion in Belgium – reflecting a 103% increase, compared to 2022, following the doubling of its network in 2023.

Agromousquetaires, the agri-food hub of Les Mousquetaires, generated €4.7 billion in turnover, registering an increase of 7%, compared to the previous financial year.

With 57 production units in France in six operational divisions, the hub supports the Intermarché and Netto banners.

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