Mercadona wins 47% and exceeds the benefit El Corte Ingles wins FCC
Friday, March 11, 2011
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Failing to publish the results of the English Court in 2010, the group of stores has been passed by Mercadona in the chapter on the benefits. Juan Roig company by 47% boosted its net profit last year, up to 398 million euros. In fiscal 2009, the English Court presented an attributable profit of 369 million euros.
On the revenue side, the department store group recorded a net turnover of 16.356 million in 2009, compared to 15.242 million euros Mercadona last year. In gross terms, the turnover of the supermarket chain, which only distributes food, cleanliness and hygiene, stood at 16.485 million euros, representing growth of 6% (2% at constant surface area).
Margins
Roig chain, which raised its market share from 12.8% to 13.1% - achieved a significant improvement in margins: earnings grew 47%, eight times sales, and profitability was 2.6%. The forecast for 2011 is to win between 420 and 425 million and 17,300 million sold.
The cost adjustment is one explanation of this momentum, according to the president and principal shareholder of Mercadona, which provided data as to the productivity of their employees has increased by 5% and also maintained its policy of reducing costs sou cent changes in the packaging. Roig also notes that the group has taken the increase in VAT on their products because of these adjustments, which meant 12 million a month.
The chain's organic growth is slowing. In 2010, grew to 46 stores, as well as expected this year. The announced departure abroad now been postponed at least until 2012. Roig reiterates that will be in a country close to Spain.
The template of 63,500 people and all fixed, increased by 1,500 employees and, in a year, they hope to expand into a thousand more. The improvement in results has allowed to distribute 210 million euros as bonuses. The company made last year by 573 million investment. You have performances in logistics centers, and next year expects to complete the Villadangos (Leon) and continue with the de Guadix (Málaga) and Abrera (Barcelona).
to these figures, join the 420 million spent last year the 102 intermediate suppliers, which Mercadona working to secure purchase contracts, most through the chain's own brands, such as Squire or Deliplus.
Last year, the group acquired its supplier of fish, fishing area. Roig said he bought the company "because we had no choice. We did not understand, thought differently. "
The business idea is not permanent. "When we can, we'll sell, with the perspective of how we fish. Our intention is not to buy intermediate suppliers. " The executive also proposed providers follow a similar policy their own suppliers, in particular agricultural and livestock, as called sunflowers strategy, thinking that this plan, saving transport costs and helps to maintain agriculture in Spain.
The employer maintains a negative view on the economy. "The worst is yet to come," said the executive, who believes that over "when the product is appropriate to the level of life." Roig believes that in Spain there is a serious problem of productivity and absenteeism. And your company is located at 0.85%, but the English average is 5% "and in some public enterprises is 15%." According to his calculations, every day one million people are not going to work.
also spoke of the council, which is not independent. Roig said he was "very pleased" that follows the recommendation of his father: "The councils, with money. Do not believe much in giving advice is independent. You have to gamble more. "
The network has made changes to its governing board. Alfredo Ibáñez has been replaced by Felix Pena as CEO of Directors. It has also split the management of prescriptions: Perishable (Joseph Jordan) and the Dry (Julia Amorós). Also in July, left the company in July Bragado, which became La Sirena.
messages the owner of the first supermarket chain
Council: "There will be independent. My father said that councils with money. "
Caladero: Vendor bought fish "because there was no alternative."
intermediate suppliers: Proposes to continue the policy also secured contracts with their suppliers.
Crisis: "The worst is yet to come. The year 2011 is a good thing: you'd better
Absenteeism: "In Spain, it costs 18,000 million per year, which is 1.5% of GDP."
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