The accounts of Coop Alleanza 3.0, the most important consumer cooperative, have revised their profits. 2023 ends with sales of 5.7 billion, +2.6% on the previous year, and thanks to a series of improvements in management there is a return to profit: at group level for 1.3 million which becomes 20 million net for the entire perimeter of the cooperative. Values which in 2022 were in the negative area for 132.4 and 117 million respectively. The net financial position is improving, falling to 1.8 billion from the previous 1.9 billion. These are the results obtained in the first year of the relaunch process announced last year with the launch of the 2023-2027 industrial plan for the recovery of the cooperative.
These are the main values presented yesterday by Milva Carletti, general director, and Mario Cifiello, president of Coop Alleanza 3.0. «The move towards the ambitious objective of restructuring and building an increasingly solid and supportive cooperative is underway – the president remarks -. We reached a particularly significant milestone in 2023, moreover a year ahead of expectations. However, it is crucial to consider this as a starting point, not an end point. We must keep our attention high to complete the commitment we have made towards our members: guaranteeing the financial and capital solidity of the cooperative without ever abdicating the founding values that support it.” Between offers to members, agreements and advantages on spending, 165 million were distributed to members while the added value transmitted to the territory is 4.3 billion, according to Nomisma research for Coop Alleanza 3.0, with 68 thousand direct and indirect jobs.
For this year, Coop Alleanza 3.0 is aiming for a consolidated result of 3 million, with sales growing by 2%. But 2024 had a difficult start, marked by a further contraction in consumption. «2024 is making us suffer, because the context is less favorable than we had imagined – reports Milva Carletti -. The upward recalibration of consumption has not yet occurred but we are confident that our ideas are correct.”
As regards investments, last year a total of 120 million were allocated, of which 95 million on the sales network, to renovate 50 points of sale, reduce the spaces in the Taranto hypermarket and open points of sale in Rimini, Venice, Mantua and Messeretico , in the province of Reggio Emilia, and in innovation. With the remaining 25 million, the price increases were partly absorbed to offer greater convenience to customers. This budget is expected to double this year. Also in 2024, three inaugurations are scheduled in Bologna, Trieste and Ferrara respectively and two are expected in the first part of 2025 in Modena and over the course of the year around twenty supers will be renovated.
Considering the difficult economic situation, the group is focusing on own-brand products whose market share will have to reach 40% in 2027 from 30.6% at the end of 2023. In particular, the line with 200 first-price products “Coop Spestti” will be used in tactical way to counteract the offer of discounters.
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2024-05-01 19:30:37
