2023-05-03 23:04:48
Eroski also suffered in 2022 from the inflationary spiral and the general rise in costs, which caused its net profit to fall by 38.9% compared to that registered in 2021 (which was the best year in 14 years) to stand at 64 million euros. . The CEO of the Elorrio group, Rosa Carabel, who presented the firm’s accounts for the first time as its top manager, stressed that last year “was positive”, despite its obvious “complexity”. The parent of the group (that is, the cooperative) scored a profit of 32 million euros, 45.3% less. In general terms, the group’s margin (which in 2021 was 2% of sales) fell to 1.32%. When explaining and giving an account of the balance, Carabel recalled that the general costs of the products sold in the sector in Spain grew by 15% on average, by 12% in the case of Eroski. A blow that was partially assumed by the company, in collaboration with its suppliers, to try to prevent it from reaching customers with all its intensity. Rosa Carabel, CEO of the Eroski Group, yesterday with a copy of the cooperative’s report. Ignacio Pérez Thus, gross sales grew by more than 7% and reached 5,476 million euros, driven mainly by the effect of inflation on product prices. In this scenario, Eroski suffered a notable increase in expenses related to its management, among which stood out the extra cost of more than 38 million due to the increase in leases, transport or personnel. The increase in sales of own-brand products had a notable effect on the evolution of the activity figure, which grew by 7% in the global pie. However, the company clarified, sales fell by 2% in volume, due to the reduction in the size of the shopping cart. Last year, 1,268 people joined the Eroski Group as cooperative members, while, “due to the effect of the labor reform,” according to the company, another 900 workers left the company, all casual. The net balance of partners was 500 plus. For its part, Ebitda exceeded 280 million euros at the end of the year, “the result of the measures to improve productivity and efficiency implemented in various processes of the value chain,” the company said in a note sent to the National Commission of the Stock Market. Financial debt «We have obtained a lower profit than the previous year as a result of the increase in costs, the normalization of financial results and, notably, the decision to reduce our margins to contain prices and increase our promotional activity. All in all, based on the efficiency and productivity improvements implemented, we have consolidated the positive results”, highlighted Carabel. The Eroski CEO stressed that the group has improved its market share in reference areas such as Galicia and the Balearic Islands, reversing the downward trend it had in Catalonia, and maintaining “our leadership in Navarra and the Basque Country”. “So the performance has been favourable,” she insisted. Carabel, who revealed that Eroski has opened a new round of renegotiation of its financial debt, explained that the group amortized 44 million euros last year (which also weighed on the last line of the balance sheet) until placing that liability at 909 million euro. This means that since 2009 the company has paid its backers more than 2,500 million euros. Carabel, who announced that the company is preparing a new Strategic Plan for the 2024-2025 biennium, also referred to promotional campaigns. “We have made an enormous effort to respond to consumer needs, intensifying our actions to facilitate savings and curb, as far as possible, the increase in prices in an excessively inflationary context. Thus, last year we transferred savings for 335 million », she concluded.
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