Accounts 4.388 million and earnings 101 million
Consumption increased by 13.6% and reached a turnover of 4388.7. million euros during the 2023 financial year. This was confirmed today by the new general director of the Valencian cooperative, Antonio Rodriguez, presenting the results of the distribution company, whose net profit amounted to 101.1 million, an increase of 74%. The distribution network has created 1,879 jobs and now employs 21,216 people.
According to the cooperative’s forecasts, Consum will invest 50 million per year in logistics to expand its store network and fully invest in an electronic sales channel that will have its own warehouse in Valencia.
“Despite a decline in gross profit due to rising costs, Consum managed to improve its profitability” in a year still marked by the leadership of previous CEO Juan Luis Durich, who left the Valencian firm on February 1. This was emphasized by the current top leader of Consum. Sixth company in the national industry ranking He assures that times are marked by “inflation, logistics and raw material costs” and that “he will follow a price containment strategy,” Rodriguez explained.
Internet sales”
Currently It has 933 stores throughout Spain, of which 485 are its own. and the rest are franchises. In 2024, it is planned to open 50 new establishments, of which 15 will be Konsum supermarkets.
Online sales increased by 10% to €73.6 million, or 1.7% of total sales. The digital ticket has also been extended.
Franchise results
Also Charter, a Consum franchise, completes a historic 2023 with approximately 450 stores throughout Spain. In the last financial year, 52 new outlets of this store model were opened, the highest number so far across the territory. Valencian Community, Catalonia, Castile-La Mancha, Andalusia, Murcia and Aragon. Consum, for its part, billed its franchise 25.2% more than in 2022, reaching €693.6 million, €89.6 million more than expected.
Charter expansion implemented in 2023 in the same Autonomous Communities as in recent years, mainly in Catalonia and the Valencian Community, where 72% of vacancies are concentrated, with 25 and 13 vacancies respectively. The Consum franchise has opened 8 stores in Castilla-La Mancha, 4 in Andalusia and 2 in Murcia.
Charter is consolidating as a business and self-employment alternative as about 79% of openings recorded in 2023 were people who already owned a store and decided to invest in a new franchise.
By 2024, Charter franchisees plan to continue to grow by opening 35 more stores. New establishments that were originally planned for this year They are distributed in: Catalonia (15), Valencian Community (10), Castile-La Mancha (7), Andalusia (2) and Murcia (1).. Sales from Consum to Charter are expected to increase to 765.9 million euros, representing an increase of 10.43% compared to 2023.