The VéGé Group’s revenues are rising, aiming for 20 billion in 2030

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Growing sales for the VéGé Group which is aiming for the goal of 20 billion in 2030. 2023 ends with a turnover of almost 13.8 billion, up by 9.4% on the previous year. These are the data approved by the shareholders’ meeting which forecasts a turnover of approximately 14.5 billion (+5.1%) for next year. The 2024 investment plan was also approved with an endowment of 380 million intended for the opening of 5 hypermarkets, 38 supermarkets, 3 Cash & Carry and 33 specialized and self-service outlets. «These results represent tangible evidence of the commitment and synergy of all our entrepreneurs – explains Giovanni Arena, President of the VéGé Group -. Our companies have undertaken targeted investments to mitigate the inflationary impact, while at the same time carrying forward the modernization and strengthening of sales networks. This direction is an integral part of our vision for the VéGé Club 2030, aimed at creating a collection of medium and large-sized companies, ready to compete in an ever-evolving market. We aim to make the Group’s brands a fundamental point of reference for customers, aiming for significant growth and consolidation in 2024, with the ambition of positioning the VéGé Group as co-leader of large-scale retail trade in Italy and achieving a turnover of 20 billion euros by 2030.”

As regards omnichannel and online sales, the 30 mandating companies reach residents in 1,234 postcode areas with home deliveries, as well as 290 click & collect collection points, while two partnerships are in place at national level with Glovo, Everli and of the new entry Alfonsino. This is also a way to increase productivity. «The continuous growth does not derive only from the physiological opening of new sales points but above all from the increase in productivity per square meter – underlines Giorgio Santambrogio, CEO of Gruppo VéGé -. In the national ranking, in fact, we have 2 companies in the top 5. In the last two years alone, the overall productivity of our companies’ sales points has increased by 27%. More productivity means more resources to dedicate to the overall offering, especially in the area of ​​convenience and promotions. In summary, it is the customers, the consumers who have the greatest advantages. In investment plans and network expansion, innovation and digitalisation are the key words with which to reach families throughout Italy in an increasingly widespread manner to guarantee quality and convenience in the offer”.

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