Coop Alleanza 3.0: net profit of 11 million, 130 million investment

The turnaround of Coop Alleanza 3.0, the largest cooperative in the Coop Italy system, continues. Turnover for 2024 remains broadly stable at over EUR 5.7 billion, with a consolidated result at group level of EUR 18 million, up EUR 17 million on 2023, while the cooperative's net profit is EUR 11 million, compared with EUR 20 million in the previous year. On a like-for-like basis, sales growth is over 130 million, while EBITDA is confirmed at over 180 million. These are the figures presented yesterday by Domenico Trombone, president and Milva Carletti, general manager of Coop Alleanza 3.0, confirming a positive trend in line with - and in some cases above - the objectives set by the 2023-2027 strategic plan. "After a complicated period we consolidate our results and present ourselves today with accounts in order," says the president. In a slightly declining market, we are committed to maintaining market share and supporting consumer purchasing power, with fluctuating inflation making management more difficult'. Milva Carletti adds: 'This year we aim to approach 6 billion in sales with over 20 million in profit. We produce an Ebitda that still does not cover all our needs, but it has grown a lot, and over the years we have halted the reduction in equity'. As far as the first months of the year are concerned, Trombone points out that the shopping trolley, the purchases of families, not only see no signs of a recovery but the first quarter is in the negative zone.

Coop Alleanza 3.0's sales network stretches from Friuli-Venezia Giulia to Sicily with 860 hypermarkets and supermarkets, of which almost 350 are directly operated.

During 2024, EUR 130 million were invested, compared to EUR 93 million in 2023, in renovating supermarkets, opening new ones and in interventions on logistics platforms. In Anzola dell'Emilia, in the province of Bologna, an automated hub was inaugurated which, together with other interventions, made it possible to recover EUR 25 million through lower operating costs. Work will continue in this direction because the business plan foresees that by 2027 half of the parcels with packaged products will pass through Anzola dell'Emilia. Together with other efficiency measures, top management expects to save another EUR 90 million.

Investments that will continue this year with a similar budget. Interventions are planned to renovate more than 50 shops, for three new openings in the first part of the year, and to improve logistics and the digital part. For 2027 Coop Alleanza 3.0 wants to have a complete digital ecosystem focusing on e-commerce and the shopping experience in an omnichannel key also working with artificial intelligence to make the offer more targeted to different types of customers. "We want to offer customers the possibility of shopping in every way from the shopping centre to the proximity shop with home delivery or locker delivery," emphasises Milva Carletti.

The commercial front sees interventions to enhance the commercial offer with a focus on fresh and ultra-fresh products and own-brand products. The latter currently account for 31.2% of sales with a growth of six tenths of a point over 2023. "The Mdd products of our competitors are around 22-23%," explains the managing director, "our goal is to reach 40% in 2027. 80 million was also invested, against a budget of 50 million, to help the spending power of members and non-members.