Italian retail group Gruppo Selex achieved total revenue of 16.9 billion euros in its 2021 financial year, up 4.3% from 2020.
In December last year, the company predicted a turnover of 16.7 billion euros for the year 2021, which would represent a growth of 3.1% compared to 2020.
The positive performance continued in the first four months of 2022, with revenue growing 3.2% year-on-year.
The distributor’s market share reached 14.6%, confirming its position as the second-largest player in modern distribution.
Over the period from January to April 2022, private label sales increased by 8%, boosted by the specialty and entry-level ranges.
The company’s cash-and-carry channel grew 37.6% in the first four months of this year, driven by the return of out-of-home consumption.
Selex is investing 460 million euros in 2022 to open 95 new stores and renovate around 100 existing points of sale.
Made up of 18 member companies, the Selex network has 3,190 points of sale in various formats, from mass distribution to discount.
Its most popular banners are Famila, A&O and C+C, which are flanked by regional brands that are often leaders in the territory.
Selex Gruppo Commerciale is part of the purchasing group ESD Italia, which in turn is a partner of the European distribution alliance EMD.
In 2021, the company recorded annual sales growth of 5.5%, to €1.52 billion, across its entire private label portfolio. The company aims to maximize synergies between the four brands that represent 90% of sales, including Selex, Vale, Consilia and Il Gigante.
© European Supermarket Magazine 2022 – your source for the latest retail news. Article by Branislav Pekic. Click on subscribe register for ESM: European Supermarket Magazine.