The Uvesco group plans to invoice 4% more up to 770 million euros

The Uvesco group plans to invoice 4% more up to 770 million euros


BilbaoUpdated:

The group Uvesco, which heads the BM Supermercados and Super Amara brands, expects to bill this year 770 million euros, 4% more than the 740 million last year. The 2018 objectives have been "fulfilled", its general director was celebrating this morning in San Sebastian. José Ramón Fernández de Barrena, which not only hopes to "continue consolidating" the brand in the areas where it is already present, but also has opted for the opening of eight new supermarkets in Cantabria, La Rioja and the Community of Madrid.

In a press conference held in the capital of Guipuzcoa and in which the deputy general director of the group, Eulogio Sánchez, has also participated, Fernández de Barrena has made known the situation of Uvesco, which last year reached a turnover of 740 million euros. euros and created 117 jobs in five new openings. The goal for 2019 is to open another eight supermarkets, six in the Community of Madrid and the other two in Potes (Cantabria) and Logroño (La Rioja), which will employ around 200 people.

The group thus strengthens its presence in the capital, which arrived in May 2017 by acquiring the Giant chain. The company expects to open 50 new stores over the next decade in the framework of a «MasterPlan» which already covers the municipalities of Hoyo de Manzanares, Tres Cantos, Pozuelo, Collado Villalba and Majadahonda.

The opening of new supermarkets and the reforms will require a total investment of 30 million euros, Uvesco has reported. In this way it is expected to grow more than 4% in turnover to reach the figure of 770 million euros.

Local product

Another of Uvesco's lines of action will be to strengthen its «Commitment to the local product», intended not only to "guarantee the quality of the products" but also to encourage the maintenance of the local economy. As a result of this commitment, the group insists, almost 189 million euros were invested last year in purchases from local suppliers, which implies a growth of 5% year-on-year.

.



Source link