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Spar Italy Partner Ergon Posts 'Strong' 2019 Results

By Dayeeta Das
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Spar Italy Partner Ergon Posts 'Strong' 2019 Results

Spar Italy has announced that its partner, Ergon has posted sales growth of 15% in 2019.

Ergon is one of the license holders for the Despar brand in Sicily.

The company has also reported a 21.6% growth in margin for the same period.

Ergon attributed its growth to acquisitions made by the company in 2018 to expand the business. The group has set aside €6.5 million for implementing its 'ambitious plans' aimed at driving future growth for the company in 2020, it said in a statement.

Scholarships For Students

Ergon also provides scholarships to the children of employees, ranging from primary school to university graduates.

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This year, the company announced 35 scholarships for children, based on school performance. So far, the scholarships have helped around 302 students, the company said.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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