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

Italy's Esselunga Sees Sales Up 2.9% In FY 2019

By Branislav Pekic
Share this article
Italy's Esselunga Sees Sales Up 2.9% In FY 2019

Italian supermarket chain Esselunga has reported sales of €8.14 billion in its financial year 2019, up 2.9% year-on-year.

The company's performance was boosted by new store openings, e-commerce, and the introduction of a meal voucher programme in its stores.

Adjusted EBITDA grew by 8.3% year-on-year, amounting to €675.5 million, while adjusted net profit increased by 3.1% to €250.8 million during the financial year.

Esselunga retained its top position for shelf prices at 3% below the market average, with a shelf price deflation of 0.1%.

The company offered savings of more than €1.5 billion to customers in 2019, up by around €80 million compared to the previous year.

ADVERTISEMENT

Expansion Plans

The retailer is scheduled to open a new laEsse proximity store in Parma, which will replace a former Punto Simply supermarket – one of the six former Auchan stores acquired by Esselunga from Conad.

In 2020, Esselunga will also commence the construction of its first store in Genoa and as well as a new supermarket in Varese.

The store in Genoa is expected to open by the end of 2020, while the latter is scheduled to start operations in 2021.

Esselunga operates a network of over 159 superstores and supermarkets in Lombardy, Tuscany, Emilia Romagna, Piedmont, Veneto, Liguria, and Lazio.

ADVERTISEMENT

Last year, the retailer launched a new superstore in Brescia Triumplina, and the laEsse concept store in Corso Italia, Milan.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

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. You can unsubscribe at any time.