eros Close accounts for 2022 positive result but confirmation cost crisis has taken away most of its benefits. HE Owner of Caprabo’s Basque cooperative group Last year, about 5,500 million euros entered, 7% more than the previous year, but almost 40% less than in 2021, 64 million euros were earned.
The company made this cut rising costs of the food chainhaving to spend more rental, transportation and staff check-outbecause in reality, no matter how high the bill gets as a result of the more expensive product, its sales have dropped by about 2%.
“We had lower profits compared to last year. cost increasewith standardization of financial results and in particular, by the decision reduce our margins to control prices and increase promotional activity,” he said. CEO of Eroski, pink carabel. This company, like most Spanish chains, has announced several times that its strategy is focused on reducing costs. the last price of the shopping cart inside special offersbut a few months ago it took the dynamic to the next level by launching a campaign that abruptly lowered the price of 1,000 products.
Despite this, the group thinks it has salvaged the furniture and, in the words of the board, “2022 has been positive despite its complexity.” “According to efficiency and productivity improvements when implemented, we consolidated positive results; we increased market share in reference fields such as Galicia And Balearic Islands; we reversed the trend Cataloniaand we maintained our leadership. Navarre And Basque Country“Adds Carabel.
Without further progress, the result of the activity eros (not yet taking into account tax payments and other accounting expenses) grew by 10% to more than 204 million euros.