Consum, a Valencian cooperative, has reported a turnover of 4,388.7 million euros last year, marking a 13.6% increase from the previous year. The company’s results grew by 75% to reach 101.1 million euros, attributed to cost containment efforts and significant savings on the energy bill, estimated at 40 million euros.
Consum’s general director, Antonio Rodríguez, shared these details in Valencia on Tuesday. The supermarket chain saw a 10.2% increase in sales and ranked sixth in national distribution companies by area. Consum ended the year with 933 supermarkets, including both owned and franchise locations spread across six autonomous communities. The company employs 21,216 workers.
Rodríguez emphasized that the profit growth was a result of the cooperative’s competitive efforts and successful energy cost savings. He highlighted the challenges posed by high inflation and increasing costs in the market but expressed confidence in maintaining competitive prices through sustainable practices such as sourcing from national suppliers with over 80% of fresh food products being of national origin and focus on renewable energy sources like installing photovoltaic panels in supermarkets.
Consum invested 167 million euros in 2023 for new supermarket openings and renovations, plans to continue this pace in 2024 with an additional 50 new supermarkets and investments in innovation projects such as digital technologies. Regarding online sales, Consum currently represents only