Conad’s 2020 preliminary results

Date : 18 January 2021

Lucy Bellotti

Retail Analyst

Market leader Conad has announced its preliminary results and is expecting to have generated a turnover of €15.7 bn, an increase of 10.2%, in 2020. Meanwhile, Todis revealed its results, saying it had seen an increase in turnover and like-for like (LFL) sales.

Conad’s sales performance in 2020

Conad announced its preliminary results for 2020, saying it expected to increase its turnover by 10.2% to €15.7 bn.

Francesco Avanzini, Conad’s general manager said: “Multichannel, development of Conad brand products, sustainability, digitalisation, these are Conad's strategic guidelines. With the integration of Auchan sales points we want to become decisive in all channels.”

Its sustainability development saw the launch of its 'Let’s support the future' project, which will invest in improving logistics, packaging, energy supply and reducing waste. Furthermore, Conad has improved its branding by developing a premium private label range, Sapori&Idee Conad, which comprises of over 200 SKUs, covering 40 product categories. The retailer will eventually launch the entire range in all Conad and Sapori&Dintorni stores.

Todis announces 2020 results

Iges-owned (a subsidiary of Pac2000A Conad cooperative) Todis announced a 13% growth in its turnover for 2020, which saw it reach €870m. It reported LFL sales increased by 7%. The retailer opened 22 stores during the year, ending 2020 with a total of 251.

Todis plans to invest €10m to open new stores and remodel existing ones. The group claims it plans to focus on locations such as Naples, Bari, and Palermo.

Massimo Lucentini, Todis’s CEO said: “The group’s strategy remains focused on fresh and organic products in the private label assortment, while responding to meet shopper demands.”

 

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