Conad posts 230 million euros growth in revenues in 2016

Conad group posted revenues of €12.4 billion in 2016, €230 million more than in 2015 (+1.6%), and a market share of 11.95%.

This positive performance continued in the first four months of 2017, with revenues up by €171.6 million (4.8%) compared to the same period in 2016.

Conad brand products are amongst the group’s strategic assets and make up one out of every three products sold.

The group has also launched its development programme for the three-year period 2017-2019, consisting of investments of €1.101 billion (€413 million in 2017, €402 million in 2018 and €286 million in 2019). This will be used for new store openings and refurbishments and for improving the energy efficiency of stores and warehouses.