MD is the champion of sales growth between 2016 and 2020: + 10.7% annual average, followed by Crai (+ 9.2%) and Lidl Italia (+ 8.4%). The discount Eurospin (+ 7.8%), Agorà (+ 7.6%) and Conad (+ 6.5%) follow. In the last year, Crai has achieved the best performance (+ 15.9%), ahead of MD (+ 14.5%), Conad (+ 12.4%) and D.lt (+ 12.2%). This is the trend highlighted by the Mediobanca research area which today presented the new edition of the Observatory on Italian and international food-based large-scale distribution which aggregates the economic and financial data of 116 national companies and 30 major international players for the period. 2016-2020. For Italy, coverage is estimated at 96% of the market. The Mediobanca study shows that in terms of return on invested capital (Roi), MD stands out (22.7%), followed by Eurospin (20.2%), Crai at 13.7%, Lidl Italia at 13.4% and Agorà at 12.3%. All the remaining operators are below the double digit, led by Selex at 9.5%.
Esselunga is confirmed as the queen of cumulative profits between 2016 and 2020: 1,212 million euros, not far from Eurospin at 1,137 million, VéGé at 995 million, Selex at 962 million and Conad at 945 million. Carrefour accumulated losses of 604 million, Coop for 460 million. Coop Alleanza 3.0 is the largest Italian cooperative with sales in 2020 of 4,046 million, followed by PAC 2000 A (Conad Group) at 3,654 million and Conad Nord Ovest at 2,605 million, preceding Unicoop Firenze at 2,329 million. The Coop system shareholder loan appears to be in constant decline from 10.7 billion in 2015 to 8 billion in 2020 (stable compared to 2019). In the last 5 years, the Coops have achieved net financial income of 854 million and undergone financial writedowns of 791 million.