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The most affordable shopping basket: record profits for Shufersal in the corona year - Walla! Business

2021-03-03T11:16:34.539Z

Shufersal presents excellent results for 2020: a 44% increase in net profit, with revenues of more than NIS 15 billion. An increase also in the brand's sales in the private and BE networks. Chairman of the Board and CEO: "An expression of the strategic processes we have led in recent years"



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The most affordable shopping basket: record profits for Shufersal in the corona year

Shufersal presents excellent results for 2020: a 44% increase in net profit, with revenues of more than NIS 15 billion.

An increase also in the brand's sales in the private and BE networks.

Chairman of the Board and CEO: "An expression of the strategic processes we have led in recent years"

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  • Shufersal

  • Retail

  • Itzik Aberkhan

  • Yaki and Damani

Nir Kipnis

Wednesday, 03 March 2021, 11:23

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Shufersal continues to present excellent business results, with strengthening in almost every segment of the group's operations.

For example, Shufersal Online's sales this year amounted to NIS 3 billion, which constitutes about 19.9% ​​of all food retail sales, compared with about 15% last year.


The Be network also continues to improve its results, reaching operational balance for the first time in the fourth quarter, in accordance with work plans.


The


Group's total revenues in 2020 amounted to NIS 15.23 billion (compared with NIS 13.36 billion in 2019), which is an increase of 14% compared to last year.

The group's revenues in the fourth quarter of this year amounted to NIS 3.9 billion - an increase of 15.9% compared to the corresponding period last year.



The data also show that gross profit in 2020 amounted to NIS 4.043 million, which constitutes approximately 26.5% of total revenues, compared with approximately NIS 3.6 billion last year, which constituted approximately 27% of total revenues.

The decrease in the rate of gross profit is mainly due to lower prices and an increase in the rate of online sales.



Shufersal's net profit increased by approximately 44% and amounted to approximately NIS 387 million, which constitutes approximately 2.5% of revenues in the corresponding period last year, compared with approximately NIS 268 million, which constituted approximately 2.0% of revenues last year.

The increase in net profit this year is mainly due to an increase in revenue in the retail sector and an improvement in the results of the Be chain.


Excluding one-time tax revenues in 2019, net profit increased by about 80% this year.


Private label sales also rose.

Revenues from it this year amounted to about NIS 3.9 billion, which constitutes a share of about 25.8% of total food retail sales, compared with about 25.2% last year.


The online field, naturally in the year that most of us went through closures and restrictions, grew this year and accounts for almost 20% of the group's revenue.

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Itzik Aberhahn, CEO of Shufersal (Photo: Sivan Farage)

Vicki Dmni, Supersol and chairman Itzik Abrchn, Shufersal CEO, said today:


"We are pleased to summarize the year 2020 as a year of record results of the group, were expressed during the fruit of significant strategic processes we led in recent years.


With the onset of corona Global At the beginning of the year and its impact on the State of Israel at the end of the first quarter, the group was prepared to meet the huge demand for food and other basic consumer goods, both in physical stores and online.The


fact that over the past few years needs consumer variables.


during the year we continued the promotion of growth and transformation Supersol retail group diversified, customer-focused, which take into account the strengths and abilities in a variety of business activities which we lead, including the area Supersol businesses (B2B), finance, real estate and more. "

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Source: walla

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