Esselunga grows despite economic crisis

Date : 26 February 2013

Italian retailer Esselunga has ended 2012 with a turnover of €6.8bn, up 3% on 2011.

Prices held at 2011 levels

Esselunga achieved the sales growth without increasing prices, according to the press reports.  The retailer invested some €380m in 2012, in real estate development projects.  One of these is a large store in central Milan, one of the largest in the area, which we saw under construction on a visit to the city in October last year.  Operating income for the year was estimated at €360m.

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