Sunday, June 4, 2023

Eroski earned 40% less last year than in 2021

The Eroski group closed their accounts for 2022from January 31, 2023, with un positive net result of 64 million dollars in euros, which means a decrease of 38.9% compared to 2021, among other reasons, due to the increase in costs, while its gross sales increased by 7% to 5,476 million dollars. For his part, the parent cooperative, Eroski S.Coop, obtained a result of 32 million euros, 45.3% less.

In a statement, the cooperative group insisted Tuesday that it was a year “very affected” by a “strong” increase in the costs of products sold (15% on average), “partially” assumed by the group against its gross margin, which was reduced by a percentage point, in “winning sales prices”.

As he pointed out, He is an “important figure” in a sector with “already very tight” margins. Therefore, the result for the year fell to 1.32% of the sales made.

Net profit of 64 million dollars represents a decrease of 38.9% compared to 104.6 million dollars the previous year. With these 104.61 million profits obtained in 2021, the group achieved its best results since 2007 and left behind the loss of 77.6 million with which it closed 2020 due to the pandemic and the months in prison.


For his part EBITDA exceeded 280 million euros at the end of the financial year, as a result of the measures of “improvement in productivity and efficiency applied to various processes in the value chain”.

The group also markedthis grosss sales grew by more than 7% and reached 5,476 milliondollarss in euros, driven mainly by the effect of inflation on prices, which in the case of Eroski grew by an average of 12%, despite the average increase of 15% in product costs.

In addition, he added that the increase in sales of own-brand products also has a “remarkable” effect on the evolution of the activity figure, which grew by 7% in the share of turnover. However, sales fell by 2% in volume, due to the reduction in the size of the cart.

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news


Please enter your comment!
Please enter your name here