Conad, turnover increases in 2022 and reaches 18.49 billion euros: the market share is 14.96%

In 2022 Conad confirms himself as the leader of the Italian large-scale distribution with a 14.96% market share it’s a turnover of 18.49 billion euros, up 8.7% over the previous year. Thus continues the positive trend that began 16 years ago: the company also recorded a net assets of 3.25 billion euros (with an increase of 5% on 2021) while the distributor brand it rose to 32.2% (+1.2 percentage points over the previous year) in the ‘super’ channel (Source Circana), about 10 points above the Italian market average. These are some of the economic and financial data of the Conad system communicated by National Consortium Cooperative Societywhich also illustrated the organizational rearrangement of the company. In recent weeks, in fact, the Shareholders’ Meetings of the five Cooperatives that make up the Conad Consortium were held for the approval of the financial statements for 2022. As stated in a press release from the company, the three-year investment plan 2022/2024 of 2.08 billion euros for the modernization of the sales network and for digitization projects, while the new three-year investment plan 2025/2027 is already being prepared.

The Conad network today makes 3,328 points of sale available to consumers, with 74,432 collaborators, of which over 66,000 network collaborators. The structure of the Conad system is completed by 54 logistics centres. Conad also communicates the organizational reorganization desired by the new Board of Directors, which provides for a streamlined corporate governance: President Mauro Lusetti and the Chief Operating Officer Francesco Avanzini have taken over the leadership of the company, with a new definition of the areas of activity. The directors and executives were confirmed in their duties and responsibilities, with the aim of confirming for as long as possible the leadership in the Italian large-scale distribution achieved since 2019. “Conad is growing and confirming its position as market leader even in a year marked by dramatic events such as the war in Ukraine, soaring energy costs and consequent inflation – he declared Mauro Lusetti, president of Conad – The Conad system is solid in every component, as demonstrated by the data. The commitment of our Members and Cooperatives has affirmed a model that is better able than others to satisfy the expectations of consumers, even in a difficult period such as the one we are experiencing”.

“I am pleased to underline how our organization, thanks to the commitment and generosity of Members and Cooperatives and all collaborators, has also been able to launch a long-term plan for sustainability – continues Lusetti – with the creation of the Conad Ets Foundation which, already in its first six months of life, has supported many initiatives in favor of the most fragile people, such as women victims of violence, young people, with the involvement of almost 150 thousand students in lessons on legality, food education, environmental education and respect for others, local communities , with the support of various important cultural initiatives. I also like to point out that we are confirmed as the first Italian employer in the trade, the third in the private sector in Italy”.

“At the end of the three-year mandate of the previous Board of Directors, we launched an organizational reorganization that places the strength of the managerial teams at the disposal of the Conad System to continue the growth path that has characterized our last few years. The new organization is leaner, to give new impetus to ongoing projects and to our managers a broader ability to develop strategies for the growth of the entire system. We will work together – concludes Lusetti – with the desire to fully rediscover the complete unity of our components, because we have ideas, strategies, important projects and the skills and resources to continue the growth path that has always characterized the Conad System”.

“In recent years, the Consortium’s team of directors and executives has contributed to the affirmation of the brand’s multi-year strategic plan, based on four elements: multi-channel, own brands, sustainability and digitization – says Francesco Avanzini, Conad’s general manager – In 2022 we created a new urban proximity channel, TuDay Conad; expanded our offer of private label products, considering both product innovation and the relationship with the products of the territories where we operate; launched dozens of environmental, economic and social sustainability projects with the ‘Let’s support the future’ programme; created the ‘Hey Conad’ app, a digital ecosystem that will allow us to start an increasingly personalized dialogue with our customers. Finally – concludes Avanzini – we are broadening our horizons, entering new segments of the service offer, strengthened by the trust that 11.6 million customers place in us every week by entering stores with our sign”.