Esselunga has unveiled plans to expand its operations this year, even as it reported modest results for fiscal 2016.
For the last year, sales were up 3.1% to €7.54bn, a slowdown from the 4.3% growth recorded in 2015, hurt by price deflation. Meanwhile, operating profit declined by 6% to €405m, while net profit fell 10% to €262m.
The supermarket giant is looking to improve results this year, with the opening of five new outlets, including its first in Rome. The 8,100 sq. m. store will open on 5 April (at the intersection with Viale Togliatti, near Tor Sapienza).
Esselunga will also begin work on its fourth logistics centre (in Ospitaletto), even as it recently launched the ‘Clicca e Vai’ (‘Click and Go’) service.