The Sklavenitis grocery group on Tuesday announced turnover of 4.47 billion euros in 2022, up from 3.98 billion euros in 2021, with EBITDA, however, to 276.4 million euros.
The same figure for 2021 was 292.7 million euros.
Pre-tax profits totaled 78.5 million euros, down from 92.5 million the previous year. The grocer attributed the decline in profits to efforts to absorb significant portions of price hikes on a variety of goods.
The affiliated Hellenic Supermarkets Sklavenitis reported a slight increase in turnover, to 3.7 billion euros in 2022, up from 3.3 billion euros in 2021.
EBITDA fell to 226 million euros from 251.2 million euros; pre-tax profits eased to 60.1 million euros, down from 82.3 million euros the previous year.
At the same time, the group announced 2,352 new job positions, with its workforce exceeding 29,800 in December 2022.
Sklavenitis cited investments of more than 50 million euros in store renovations, the opening of a new hypermarket and the acquisition of nine super market outlets, from SEP Markets, in the northwest city of Ioannina.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
