Spar Magyarország Revenue Climbs Close to 16% in 2022

Retail

Photo by spar.hu

Gross revenue of supermarket chain operator Spar Magyarország rose 15.6% to HUF 915.7 billion last year, chairman Gabriella Heiszler said on Wednesday, according to a report by state news wire MTI.

Heiszler noted a "minimal" decline in sales volume for the full year, with a "very strong" first half, followed by a "significant decline" in the second half.

Spar Magyarország operated 623 stores at the end of 2022, including 248 franchises. Headcount stood around 14,000 and another 3,200 people were employed at franchise shops.

The company plowed HUF 31 bln into investments last year, opening two new supermarkets and renovating eleven more.

Commenting on the turnover of Spar Magyarország's plants around the capital, Heiszler said the net revenue of Spar's Regnum meat plant in Bicske came to more than HUF 53 bln and the meat plant in Perbal had revenue of HUF 8 bln last year, while the Spar "enjoy. convenience" plant in Üllő, which makes salads and sandwiches, had revenue of HUF 2.7 bln.
 

    Fielding questions, Ms Heiszler said Spar sells 20,000-22,000 food products and 10,000 non-food products.
 

    House brands generated one-third of sales revenue last year, she said, adding that consumers have become "extremely price-sensitive".
 

    Spar sells 4,400 house brand products, of which 87pc come from domestic suppliers.
 

    Turnover of price-capped products remains high, Ms Heiszler said, adding that sales of UHT milk with 2.8pc fat content, one price-capped product, have nearly quadrupled. Sales of sugar, another price-capped product, have tripled, she added.

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