Eurocash Group Presentation
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Report Name:Retail Foods Bulgaria
Voluntary Report – Voluntary - Public Distribution Date: March 20,2020 Report Number: BU2020-0011 Report Name: Retail Foods Bulgaria Country: Bulgaria Post: Sofia Report Category: Retail Foods Prepared By: Alexander Todorov Approved By: Jonn Slette Report Highlights: Consistent growth in Bulgaria’s food and beverage retail market is driven by increased consumer confidence, declining unemployment, and growing incomes. The total number of retail outlets in Bulgaria in 2019 was 41,306. Modern retail food and beverage sales in 2019 grew by nearly five percent over 2018, and accounted for 55 percent of total food retail in value terms. U.S. exports with strong sales potential in Bulgaria’s food and beverage retail sector are distilled spirits, tree nuts, dried fruits, wine, snacks and cereals, beef meat, fish and seafood, sauces, spices, and pulses. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Market Fact Sheet: Bulgaria Executive Summary Since 2016, annual Bulgarian GDP growth has Food Retail Industry been over three percent. Exports generate Bulgarian food retail sales reached $6.85 billion in almost 49 percent of Bulgaria’s GDP and are a pillar 2019. Modern retail sales accounted for of the economy. EU Member States are Bulgaria’s $3.77 billion (55 percent) and $3.08 billion in primary trading partners, although there is wide traditional channel. Total retail outlets were 41,306. variation in the balances of trade. In 2019, Bulgaria Food and beverage retail grew in 2019 on improved had a trade deficit in goods of about €1.72 billion consumer confidence and a better labor market. -
Prezentacja Wyników Za 2017 R
Prezentacja wyników za 2017 r. PODSUMOWANIE PREZENTACJI Część 1. PRZEGLĄD WYNIKÓW 2017: TRUDNY POD WZGLĘDEM ZYSKÓW – MOCNY POD WZGLĘDEM PRZEPŁYWÓW Część 2. STRATEGIA 2023: EUROCASH GOTOWY NA PRZYSZŁOŚĆ PLAN OPTYMALIZACJI - ZIDENTYFIKOWANY POTENCJAŁ SYNERGII KOSZTOWYCH DETAL HURT WZROST PRZEPŁYWY PIENIĘŻNE 2 PODSUMOWANIE OSTATNICH 5 LAT EUROCASH GOTOWY NA PRZYSZŁOŚĆ Zwiększone wydatki inwestycyjne w okresie deflacji i presji kosztowej Powrót do inflacji, presji płacowej i niedoboru siły roboczej Mocny wzrost sprzedaży Eurocash w ciągu 5 lat o 8.9% (CAGR) Krótkoterminowe obniżenie rentowności EBITDA – wpływ inicjatyw Eurocash Capex (mln zł) Dynamika wynagrodzenia brutto Inflacja CPI Grupy mających na celu zwiększenie konkurencyjności w długim Inwestycje we wzrost sprzedaży terminie Silne Operacyjne Przepływy Pieniężne (1,67x EBITDA 2017) - stałe reinwestowanie we wzrost sprzedaży Eurocash sprzedaż (mln zł) Marża EBITDA 3 CZĘŚĆ 1 2017 PERSPEKTYWY RYNKOWE I WYNIKI GRUPY EUROCASH 4 RYNEK FMCG Wzrost Małego Formatu o 2,5% na tle wzrostu całego rynku FMCG o 4,2% (w okresie 12 miesięcy do listopada 2017) Wzrost rynku FMCG wg kanałów dystrybucji Wzrost rynku FMCG wg kanałów dystrybucji (r/r, LTM* Listopad 2017) (r/r, LTM* Listopad 2017) 10% 9,0% 9,9% 9% 8% 7% 5,1% 6% 5% 3% 3,4% 4% 2,5% 1% 0,1% 2% -1% -3% 0% -5% -2% -1,3% -4,6% Dyskonty Hipermarkety 2500+ Supermarkety 300-2500 Mały format - Razem Wsypecjalizowane i Inne Małe sklepy -40 Convenience 40-100 Małe supermarkety 100-300 Pomimo inflacji wspierającej duże formaty, sklepy małoformatowe -
Initiating Coverage Rating: BUY
Comp S.A. Price target: PLN 90.10 Initiating Coverage Rating: BUY The IT and technology company Comp S.A. (CMP) is Polish market leader in the area of IT security (incl. cybersecurity and Company profile cryptography) and No 1 in Poland and Hungary in fiscal equipment. Comp is the No 1 provider of fiscal equipment and IT security solutions in Poland. A new, but In the IT segment, it serves the largest Polish companies and public rapidly growing business area, are innovative institutions, while sales of fiscal registers are mainly driven by the software solutions for the retail sector similar legal obligation to buy online cash registers until mid-2021E. to e.g. German Vectron Systems. Comp plans However, the company’s main growth driver in the long run is the to put a stronger focus on monetisation of data and service revenues. new digital services platform M/Platform, which allows traditional retailers to improve working capital management and profitability. Date of publication 15 Feb 2021 / 6:30 am Since its market introduction in Q2/19 M/Platform has already Website www.comp.com.pl gained 16 FMCG producers and >12,000 Polish shops with yearly Sector IT sales of PLN >18bn. By 2023E, we expect the new product to Country Poland ISIN PLCMP0000017 contribute PLN 90m to Comp’s total sales at an EBIT margin of 25%, Reuters CMP.WA which we believe is a conservative assumption. According to our Bloomberg CMP PW Sum-of-the-Parts analysis, CMP’s current share price only reflects the fair value of its historical IT and Retail business, but not the Share information M/Platform. -
The Abuse of Supermarket Buyers
The Abuse of Supermarket Buyer Power in the EU Food Retail Sector Preliminary Survey of Evidence Myriam Vander Stichele, SOMO & Bob Young, Europe Economics On behalf of: AAI- Agribusiness Accountability Initiative Amsterdam, March 2009 Colophon The Abuse of Supermarket Buyer Power in the EU Food Retail Sector Preliminary Survey of Evidence Myriam Vander Stichele (SOMO) & Bob Young (Europe Economics) March 2009 Funding: This publication is made possible with funding from The Dutch Ministry of Foreign Affairs via SOMO and DGOS (Belgian Directorate General for Development Cooperation) via Vredeseilanden (VECO). Published by: AAI - Agribusiness Action Initiatives, formerly called Agribusiness Accountability Initiative The authors can be contacted at: SOMO Sarphatistraat 30 1018 GL Amsterdam The Netherlands Tel: + 31 (20) 6391291 Fax: + 31 (20) 6391321 E-mail: [email protected] Website: www.somo.nl This document is licensed under the Creative Commons Attribution-NonCommercial-NoDerivateWorks 2.5 License. The Abuse of Supermarket Buyer Power in the EU Food Retail Sector 2 Contents Contents ..........................................................................................................................3 Summary .........................................................................................................................4 Introduction.....................................................................................................................6 1. Abusive buyer power problems are being discussed in many fora while a comprehensive -
PROBLEMS of WORLD AGRICULTURE Volume 10 (XXV) Number 3 AGRICULTURE and FOOD ECONOMY WITHIN the EU FRAMEWORK
Scientifi c Journal Warsaw University of Life Sciences – SGGW PROBLEMS OF WORLD AGRICULTURE Volume 10 (XXV) Number 3 AGRICULTURE AND FOOD ECONOMY WITHIN THE EU FRAMEWORK Warsaw University of Life Sciences Press Warsaw 2010 Wiesáaw Ciechomski1 Department of Trade and Marketing Pozna University of Economics Evolution of the food retail trade in Poland Abstract. The food retail trade in Poland is undergoing significant structural changes. The changes basically consist in a dynamic increase in the number of large-format stores, and also in the processes of integration and concentration of trade. In the food trade there are also qualitative changes taking place, in the form of implementing innovations and modern methods of managing the stores. These questions are brought up in this article. Key words: food trade, FMCG (Fast Moving Consumer Goods) market. Quantitative changes in the food trade The aim of the article is to describe the food retail trade evolution that has taken place over the last decade. The changes consisting in an increase in the number of large-format stores result from the globalisation of trade. They are highlighted by the process of concentration of trade which consists in taking over a bigger and bigger volume of turnover by supermarkets, hypermarkets and discount shops. In the paper, statistical data as published current by the GUS (Central Statistical Office of Poland) and poll research centres GfK Polonia, Pentor and PMR are made use of. The dynamics of structural changes that have been occurring in retail trade in Poland since the beginning of political transformation is considerable. During the two decades between 1989 and 2009, the space of retail shops doubled, from 14.4 to 29 million square metres, which depicts an unprecedented development of the trade sector. -
Romania: Retail Food Sector
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 2/6/2017 GAIN Report Number: RO1703 Romania Post: Bucharest Retail Food Sector Report Categories: Retail Foods Approved By: Russ Nicely Prepared By: Ioana Stoenescu Report Highlights: Over the last three years, Romania has seen strong positive growth, with encouraging developments in the economic and policy areas, becoming one of the most attractive markets in Southeastern Europe. After just a few notable events during 2015, the Romanian retail market experienced remarkable growth in 2016 reaching 2,000 stores operated by international retailers. As modern retail systems grow, exports of U.S. processed and high value foods to Romania will continue to expand. In 2015 U.S. agri- food exports to Romania increased by 45 percent from U.S. $96 million to U.S. $139 million over the last year. Romania's food sector is expected to be among the regional best performers during the next five years, with promising market prospects for U.S. exporters such as tree nuts, distilled spirits and wines. General Information: I. MARKET SUMMARY General Information Romania has been a member of the EU since 2007 and a member of NATO since 2004. Within the 28 EU countries, Romania has the seventh largest population, with 19.5 million inhabitants. Romania is presently a market with outstanding potential, a strategic location, and an increasingly solid business climate. Although there is the need for an exporter to evaluate the market in order to assess the business opportunities, exporting to Romania is steadily becoming less challenging than in previous years in terms of the predictability of the business environment. -
Pictures of Projects 2
1 - References 2 - Fish counters and fish departments : pictures of projects 3 - Complete fish departments : pictures of accessories items For fish department Complete project management for fish department step by step with Tournus 1 - Definition of project specifications with the retailer (each project has specific needs) 2 - Layout plan and list of items 3 - Price quotation and as-built drawings 4 - Approval of the technical specifications and the offer by the customer 5 - Order and manufacturing at Tournus Eqqpuipement factory 6 - Delivery 7 - Installation, commissioning and maintenance are fully realized locally by the distributor or the reseller For fish department 1- References N°1 en France for the fish environment : leader in LECLERC, SYSTEME U, MONOPRIX, INTERMARCHE. Special realisations made for GRAND FRAIS. Export contracts with French retailers Contrats with other international outside of france retailers TESCO : supplier for almost all the super and hypermarkets in the UK and Hungary LECLERC and INTERMARCHE in Portugal and Spain REAL, EDEKA, REWE, GLOBUS, FAMILIA, FRISCHE PARADIES, FEGROS- CARREFOUR : supplier for almost all the super SELGROS, HANDELSHOF in Germany and hypermarkets in Romania IKA : supplier for almost all the supermarkets in Norway COOP : supermarkets in Norway and Sweden AUCHAN : supplier for a lmos t a ll the super an d hypermarkets in Italy and Hungary MIGROS supplier of almost all the supermarkets in Geneva- Switzerland MERCATO : supplier for all the markets in CORA : hkthypermarkets in LbLuxemburg, -
Multi-Formatted Character of the Concentration of Retail Food Market in Poland
OPTIMUM. ECONOMIC STUDIES NR 4 (94) 2018 Andrzej KONDEJ, PhD Faculty of Economics and Management, University of Bialystok e-mail: [email protected] ORCID: 0000-0002-8979-3590 DOI: 10.15290/oes.2018.04.94.21 MULTI-FORMATTED CHARACTER OF THE CONCENTRATION OF RETAIL FOOD MARKET IN POLAND Summary The paper discusses the issue of concentration of the retail food market in Poland. This phenomenon is dominated by the international operators of large-surface networks. However, the entities managing small-format networks are increasingly involved in it. The aim of the study is to identify and assess the multi-format nature of the concentration of this trade. The conducted analysis uses the results of own quantitative and qualitative research on the retail food market. The study includes the figures regarding the market as a whole, the results and data of particular networks and numerical analyses within commercial formats. The paper shows an ongoing process of market concentration with the participation of economic entities managing networks in all commercial formats in the years 2010-2017. Additionally, it was found that the intensity of this phenomenon presents a declining tendency, which results from the diversified structure of the retail food market in Poland. Key words: concentration of the market, trade networks, formats, market structure JEL classification: F10 1. Introduction The concept of concentration is considered as the process of increasing the economic force and market position of the largest companies. The level of this phenomenon is determined by the degree of domination of these operators over other participants in a certain sector. -
Erhalten Sie Unsere Produkte
Hier erhalten Sie unsere Produkte: Produkt Bundesland Markt Der Blaue 200g Berlin/ Brandenburg Kaufland, Rewe, HIT Hessen vereinzelt Edeka, Herkules, Marktkauf Mecklenburg Kaufland, Globus Rostock, HIT Schwerin Sachsen Kaufland, Globus, Metro Leipzig + Chemnitz, Netto, Norma, Edeka, Konsum Leipzig & Dresden, Rewe, Marktkauf, Diska, HIT, Selgros, Nah&Frisch Sachsen-Anhalt Kaufland, Globus, Netto, Edeka, Konsum, Rewe, Marktkauf, Selgros Thüringen Kaufland, Globus, Diska, Rewe, Selgros, Marktkauf, Edeka Weitsch Käse Mecklenburg Globus Rostock, HIT Schwerin Sachsen Kaufland, Globus, Konsum Leipzig Sachsen-Anhalt Globus, Konsum, Edeka Thüringen Globus Der Gelbe Berlin/ Brandenburg HIT, Selgros Hessen vereinzelt Edeka, Herkules, Marktkauf Mecklenburg Globus Rostock, HIT Schwerin Sachsen Globus, Konsum Leipzig, HIT, Selgros, Kaufland Region Leipzig, Metro Leipzig + Chemnitz Sachsen-Anhalt Globus, Selgros, Edeka Thüringen Globus, Selgros, teilweise Edeka & Marktkauf Leipziger Berlin/ Brandenburg Kaufland, Real, Edeka, HIT, Norma, Segros, Rewe Käsesalat Hessen Edeka, Herkules, Marktkauf Mecklenburg Kaufland, Real, Globus Rostock, Rewe, HIT Schwerin, Norma, Famila Sachsen Kaufland, Globus, Real, Edeka, Netto, Konsum Leipzig & Dresden, Rewe, Marktkauf, Diska, Penny, Norma, HIT, Selgros, Lidl, Metro Leipzig + Chemnitz Sachsen-Anhalt Kaufland, Globus, Real, Konsum, Edeka, Marktkauf, Netto, Penny, Norma, Selgros, Lidl Schleswig Holstein Netto Supermarkt Thüringen Kaufland, Globus, Real, Diska, Marktkauf, Edeka, Netto, Rewe, Penny, Norma, Lidl Sächsischer -
European Retail Trends Retailing in Europe and Country Profiles
PRESENTATION FOR PLMA‘s Roundhouse Conference European Retail Trends Retailing in Europe and Country Profiles Nice, 26 February 2015 David Gray Niklas Reinecke 1planetretail.net Retail Analyst Retail Analyst Ageing Society, Single Households, Individualisation, Urbanisation, Mobilisation, Transparency in Production, Loss of Loyalty, Online Shopping, Two Nations Effect, Lifestyle, Situational Usage, Economisation, Cocooning, Smart and Hybrid Shopping, Sustainability, Technological Progress, Energy Saving, Regional Sourcing, Faster Innovation Cycles, Renovation Cycles, Rise of Independent Shopkeepers, Proximity Retailing, Energy Costs, Rising Food Prices, Direct-to-Consumer, Demand for Protection, Verticalisation, Cartel Control, Oligopolisation, Discounting, Multichannel Shopping, Event Shopping, Foodservice, Complexity! Europe from a Macro Perspective Europe from a Macro Perspective - Share of Modern Food Retail Format Sales A few markets in CEE see very high levels of modern food retail similar to Western European markets. Europe: 2014 (%) 4 Source: Planet Retail. Europe from a Macro Perspective – GDP Real Growth Economic recovery is not universal. Markets are in different stages. Europe: GDP Real Growth 2014 (%) +2.1% +1.8% Finland -0.2% Sweden Norway +1.2% +2.7% +0.2% +3.0% Estonia +1.5% Russia + % Latvia 3.6 Denmark +3.2% Lithuania +1.0.% +0.6% +3.2% Belarus Ireland Netherlands +1.4% United +1.0% +2.5% +8.9% Kingdom Poland +2.4% Belgium Germany Czech Rep +2.8% Ukraine +1,2% +1.1% Slovakia +2.4% +0.4% Austria Hungary France Switzerland Slovenia +0.7% Romania Moldova +5.0% Croatia Italy Serbia+3.4% +1.4% -1.1% Bosnia & -0.8% Herzegovina +3.2% -0.2% -0.5% Bulgaria +4.5% +1.3% +2.1% -6.5% +1.0% Macedonia Georgia Spain Albania Armenia Portugal +0.6% Azerbaijan Greece +0.7% Cyprus 5 Source: Planet Retail. -
Retailer Scorecard Summary
WWF Programul Dunăre Carpați România Proiectul Fish Forward Dumitru Zosima nr 38, București Tel.: +4021 317 49 96 Fax: +4021 317 49 97 [email protected] wwf.ro/peste 22.02.2017 Summary Through the annual study ”Retailer Scorecard”, WWF-Romania evaluates the environmental performance of the main food retailers present on the Romanian markets, by analysing their sustainability policies and the certified and/or local products available. This is the fifth edition of the Retailer Scorecard report and it is encouraging to see that more and more retailers take precaution regarding environmental responsibility through the products they offer. The study includes the top 11 food retailers in Romania. In 2016, those were: Auchan, Billa, Carrefour, Cora, Kaufland, Lidl, Mega Image, Metro, Penny Market, Profi and Selgros. The results from 2016’s edition show improvements of the results for the majority of participants which demonstrate the increasing interest the retailers have in this sector. Regardless, the progress is rather slow as the best scores are still meeting half of the maximum possible. The most important results and observations from the 2016’s Retailer Scorecard edition are: ● Five out of the 11 retailers have obtained scores of more than 50%. ● None of the evaluated retailers has a transparent and complete communication with their clients about the purchasing policies which favor environmental friendly products. The only information available regarding this subject can be found on their web pages - about specific initiatives in Romania. The majority of the information concerns the international group they belong to. Summing up, there isn’t enough information to help the consumer make the right decision. -
Case M.7920 - NETTO / J SAINSBURY / DANSK SUPERMARKED / NEW EDLINGTON / HEDON / ROUNDHAY ROAD
EUROPEAN COMMISSION DG Competition Case M.7920 - NETTO / J SAINSBURY / DANSK SUPERMARKED / NEW EDLINGTON / HEDON / ROUNDHAY ROAD Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 4(4) Date: 22.01.2016 EUROPEAN COMMISSION Brussels, 22.1.2016 In the published version of this decision, some C(2016) 433 final information has been omitted pursuant to Article 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are PUBLIC VERSION shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. MERGER PROCEDURE To the notifying party: To the Competition and Markets Authority: Dear Sirs, Subject: Case M.7920 – NETTO / J SAINSBURY / DANSK SUPERMARKED / NEW EDLINGTON / HEDON / ROUNDHAY Commission decision following a reasoned submission pursuant to Article 4(4) of Regulation No 139/20041 for referral of the case to the United Kingdom and Article 57 of the Agreement on the European Economic Area2. Date of filing: 11.1. 2016 Legal deadline for response of Member States: 1.2.2016 Legal deadline for the Commission decision under Article 4(4): 15.2.2016 I. INTRODUCTION 1. On 11 January 2016, the Commission received by means of a Reasoned Submission a referral request pursuant to Article 4(4) of the Merger Regulation with respect to the transaction in subject, by which Sainsbury plc and Dansk Supermarked A/S, parent companies to Netto Limited, a non-full function joint venture, acquire joint control from the Co-operative Group Limited, within the meaning of Article 3(1)(b) of the 1 OJ L 24, 29.1.2004, p.