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Retail

Mercadona Turnover Up 2% In 2014

Mercadona has released its 2014 results, which show that the retailer posted a 2-per-cent rise in turnover, as well as a 5-per-cent increase in net profit, compared to 2013.

In total, turnover was over the €20-billion mark for the Valencia-based chain, with €543 million (2.9 per cent) of that figure being recorded as net profit. This profit shows a 5-per-cent increase on 2013.

Sales by volume also grew by 3 per cent, while investment levels were at a record high. In 2014, Mercadona invested €655 million into opening 60 new supermarkets across Spain.

Founder Juan Roig expressed, "As president of Mercadona, I am proud to count on the commitment of the 74,000 workers, 120 integrated suppliers and suppliers, and the primary sector serving Mercadona's sustainable agrifood chain.

"Without a doubt, it is thanks to their hard work that the company has been able to present [these] extraordinary results, and it will further help us continue to move forward in a sustainable manner towards the development of the joint corporate project."

Mercadona has solidified its position as the leader of the Spanish retail sector, and now has a network of over 1,500 stores, along with 74,000 employees.

© 2015 European Supermarket Magazine – your source for the latest retail news.

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