Esselunga first-half income statement 2020: grows revenue and margins

Esselunga first-half income statement 2020: grows revenue and margins

The Board of Directors of Esselunga; first Italian mass market retailer in operation, met in Limito di Pioltello (Milan) on September 23rd , 2020. The Board ; chaired by Marina Caprotti, examined and approved the first-half income statement of 30 June 2020.

Despite the negative effects of the lockdown in March and April. The report shows sales for € 4,061 million, which corresponds to a 0.9% increase compared to the same period in 2019. If we exclude the trend in sales of the market’s bars and perfumeries[GTM3] , which were closed for about two months. Esselunga’s growth would be about 1.9% compared to the same period in 2019.

Shelf prices recorded inflation of 1.7% compared to 3% inflation received from suppliers.

The adjusted EBITDA for the first half of 2020 is € 395.9 million (9.7%) [GTM4] compared to € 379.4 million (9.4%) in the corresponding period of 2019. Adjusted EBITDA in the first half of 2020 includes the extraordinary cost for implementing Covid-19 safety measures to protect customers and employees.