Despar Italia, turnover increases by 8.4% to 3.9 billion

Despar Italia closed 2020 with a turnover of 3.9 billion euros, up 8.4% compared to the previous year. This was announced by the company in a note, specifying that 68% of the turnover was generated by direct sales outlets and 32% by affiliated stores. The distribution of turnover by brand sees 37% originating from the points of sale under the Despar brand, 36% from Eurospar and 27% from Interspar. The opening of over 60 stores with a total investment of 90 million euros, including new stores and renovations, also contributed to supporting Despar Italia’s performance. Furthermore, it is specified that the official entry in January 2020 of Gruppo 3A into Despar Italia and the growth initiatives throughout the national territory defined by the seven companies of the consortium have made it possible to reach a total of 1,399 points of sale for over 811,000 square meters of surface. For 2021, Despar Italia intends to continue the development path in the area, implementing a plan of openings and renovations that will involve over 40 points of sale. “We are confident that 2021 will also confirm our growth path by consolidating consumer appreciation for our commercial initiatives and our products,” said Paul Klotz, president of Despar Italia. At the same time, the turnover in the purchase of branded products (MDD) reached 387 million euros, with a share of the total grocery equal to 20.3%. Growth in 2020 was 9.4% compared to the previous year. For 2021, the growth forecast for MDD is 3%.