Growing Good Business
In 2023 we continued our commitment to delivering quality and value to shoppers, while at the same time maintaining our focus on the sustainability of our business and reducing carbon emissions across our value chain.
We have committed to a significant investment programme to enhance our brands and create a richer, more holistic grocery retail experience both online and in-store. And we have leveraged the unique strengths and synergies between our grocery and foodservice offerings to meet evolving customer needs and drive growth.
Read our full Annual Report and Review 2023 for more information.
Investing in our business and brands
Noel Keeley, CEO
I am pleased to report that our business achieved solid results in 2023. The Group delivered turnover in excess of €5 billion, a 6% increase from 2022, and profit of €104 million up 5% on the previous year. The business ended the year with net cash of €193 million.
We continued to invest in our retail business, ensuring key brands including SuperValu and Centra provided strong value to customers through minimising cost price increases, expanding own brand ranges, and delivering price reductions, promotions and vouchering in a highly competitive market.
Meanwhile, our diversified business model, which has proven its resilience through all the challenges of recent years, will enable us to continue to invest in developing a compelling offer that meets the evolving needs of our retail and B2B customers.
