In the Conad Nord Ovest Financial Meeting held today, the cooperative presented robust financial results for the year 2023. The turnover reached 5,07 billion euros, marking an increase of 7% compared to 2022. Market share stood at 15,8% in the territories served. Net income was 61 million euros, while shareholders' equity reached 922 million euros. These numbers highlight solid financial growth despite an uncertain economic context.
Growth and Consolidation
Conad Nord Ovest has continued to expand and consolidate its position thanks to a network of 371 Entrepreneur Members, 589 stores and over 18.000 collaborators. Operations have covered several Italian regions, including Piedmont, Valle d'Aosta, Liguria, Emilia, Tuscany, Lazio, Lombardy and Sardinia. Daily interaction with local communities has allowed the cooperative to respond effectively to customer needs, thus supporting sustainable growth.
Corporate Strategy and Sustainability
Conad Nord Ovest's corporate strategy focused on localism, quality and convenience, placing people and sustainability at the center. Innovation, digitalization, logistics optimization and efficiency of the sales network were key elements to ensure competitiveness and distinctive service. The company presented its second Sustainability Report, adopting the dual materiality matrix to anticipate the new international directives on non-financial reporting, strengthening its commitment to ESG issues.
Commercial Initiatives and Local Impact
In 2023, Conad Nord Ovest launched several initiatives to support customer purchasing power, including loyalty campaigns that generated a total saving of 178 million euros for loyalty card holders. Private label products accounted for 33% of total sales, for a turnover of 1,45 billion euros. The “Bassi e Fissi” operation offered an average saving of 28% on over 600 products.
Support for Local Economies
Localism remained a strategic lever, with Conad Nord Ovest collaborating with 1.376 local suppliers, generating a turnover of over 433 million euros. The “I Nostri Ori” brand further enhanced small suppliers and local supply chains.
Development Plan 2024-2026
For the three-year period 2024-2026, Conad Nord Ovest has planned investments of over 604 million euros for new openings, renovations, strengthening of commercial and logistics strategies, ESG initiatives and staff training. This plan follows the 165 million euros invested in 2023, which led to the opening of 20 new stores and the renovation of 28 stores.
Conclusion and Future Prospects
Conad Nord Ovest aims to consolidate itself as a leader in GDO in terms of sustainability, with a positive impact both within the company and in the broader context. Investments in the logistics network, in the reduction of CO2 emissions and in projects to support local communities demonstrate the cooperative's commitment to a sustainable and inclusive future. The reduction in food waste of 1 million euros is a further indicator of the operational efficiency achieved.
