Romanian food retail exceeds 22bn euro in 2018

Must Read

Storm Shadow AI Solution, developed by the Romanian company OVES Enterprise, on the verge of being used by major weapons manufacturers to counter GPS...

Cluj-Napoca/Romania, June 12, 2024 - RBJ - Storm Shadow AI (SSAI), the advanced artificial intelligence solution capable of learning...

The Romanian Company Nuclearelectrica SA and Korea Hydro & Nuclear Power (KHNP) announce the start of works on the first tritium removal facility in...

Bucharest, June 10 June, 2024 - RBJ - The National Company Nuclearelectrica SA and Korea Hydro & Nuclear Power...

Restart Energy, a Romanian-American company in Romania, is developing a PV of 500 MW, the second largest in Romania

Bucharest, Timișoara, June 3, 2024 - RBJ - Agrovoltaics, a Restart Energy Group company, signes a connection contract with...

By Andra Beltz
The turnover of the Romanian food trade will exceed this year the record level of 100 billion lei (over 22bn euro), according to a KeysFin analysis.
The next two weeks are announced to be the most profitable for food retailers in the whole year 2018. The Christmas shopping will push companies’ turnover above the level of 103 billion lei, rising by almost 6 billion lei compared to the result of 2017.
The turnover of food business rose last year by 7.7pct from 2016 and 135pct from 2007 to 97 billion lei. Net profit advanced by 16.8pct compared to 2016 and by 174.5pct from 2007 to 3.5 billion lei in 2017.
Statistics show that there are 18 large companies active in the food retail business, with turnover of 55.9 billion lei in 2017, 235 medium-sized companies (10.8 billion lei), 2.469 small businesses (15.6 billion lei) and 49.258 micro-enterprises (14.5 billion lei).
‘The main players in the market, Kaufland, Carrefour, Lidl, Auchan and Mega Image, have strengthened their networks and geographic expansion has reached a very high level. Significant investments in opening new units and especially in advertising have, in fact, shattered the competition for small players, independent shops. Faced with financial difficulties, caught in the growing constraints of food and drink distributors, many of the small shops closed or were taken over by the big players,’ shows KeysFin analysis.
The top 10 companies together have over 2,500 hypermarkets, supermarkets, modern convenience stores, discounts and cash&carry and generate over 53pct of total turnover.
The market leader continues to be Kaufland Romania, with a turnover of more than 10 billion lei in 2017, which represents 10.4pct of the total national turnover.
Carrefour Romania ranks second with a turnover of 6.7 billion lei (7pct), followed by Lidl Discount (6.5 billion lei, 6.7pct of the total), Auchan (5.2 billion lei, 5.4pct of the total) and Mega Image (4.9 billion lei, 5.1pct of the total).
‘Foreign investors have come to dominate the Romanian food retail market, controlling over 72pct of the local companies’ equity. From the perspective of their own capital, German investors are at the forefront, followed by the Dutch, Luxembourg, French, Cypriot and Turkish ones. Together, the top five players in the retail food market, all controlled by foreigners, generated more than 45pct of the sector’s profit last year,’ reads the KeysFin analysis.
More than 223,000 employees work in retail, down 2.3pct from 2016 and 1.4pct from 2007, when companies invested heavily in optimizing operating costs.
The most important employers in the food retail sector are Kaufland (13,519 employees), Profi (11,662), Carrefour (9,939), Mega Image (9,313) and Auchan (9,290 employees).

- Advertisement -
Latest News

Storm Shadow AI Solution, developed by the Romanian company OVES Enterprise, on the verge of being used by major weapons manufacturers to counter GPS...

Cluj-Napoca/Romania, June 12, 2024 - RBJ - Storm Shadow AI (SSAI), the advanced artificial intelligence solution capable of learning...

The Romanian Company Nuclearelectrica SA and Korea Hydro & Nuclear Power (KHNP) announce the start of works on the first tritium removal facility in...

Bucharest, June 10 June, 2024 - RBJ - The National Company Nuclearelectrica SA and Korea Hydro & Nuclear Power (KHNP) announce the start of...

Restart Energy, a Romanian-American company in Romania, is developing a PV of 500 MW, the second largest in Romania

Bucharest, Timișoara, June 3, 2024 - RBJ - Agrovoltaics, a Restart Energy Group company, signes a connection contract with Transelectrica worth 56 million lei,...

Esports Summit 2024: the week of June 3rd through June 9th sees the most gaming events in the country

Bucharest, May 30, 2024 - RBJ - At first glance, the sum of over $5.5 million earned by esports players in Romania over the...

TARA Interactive: Romanian companies accelerate AI solution Implementations. Investments reach up to 10% of revenue

>>> In the next five years, those who delay adopting AI solutions risk being overtaken by companies that embrace these technologies now Bucharest, May 29th,...
- Advertisement -

More Articles Like This

- Advertisement -