SPAR Slovenia posted robust financial results in its 2023 financial year, with gross turnover reaching €1.2 billion, marking a year-on-year increase of 13.6%.
Pre-tax profit amounted to €21.6 million, while operating profit margin stood at 1.97%, according to the company.
Additionally, SPAR Slovenia saw market share growth of 0.8 percentage points, to reach 21.7% in 2023. The number of customer purchases increased by 7.9% compared to 2022, with an average of 200,000 customers shopping at SPAR stores daily.
SPAR Slovenia ended 2023 with a total of 115 SPAR and Interspar stores, along with 22 SPAR Partner franchise stores and nine Interspar restaurants. The company's online store, SPAR Online, fulfilled more than 11,000 orders during the year.
Value For Money
Despite rising prices in 2023, SPAR Slovenia was rated by customers as the retailer offering the best value for money. The company was praised for its extensive assortment, convenience, freshness, and quality of products.
David Kovačič, CEO of SPAR Slovenia, commented, "We promised our customers quality, a wide selection, and reasonable prices. We fulfilled this promise by freezing the prices of over 2,000 well-known brand products. Customers can also choose from a wide range of our own brands, which are distinguished by their excellent quality-to-price ratio."
SPAR Plus
Elsewhere, an independent survey revealed that the SPAR Plus card is the most popular loyalty card among daily-use product retailers in Slovenia. At the end of 2023, there were over 1.1 million SPAR Plus cardholders, representing a 6% increase from the previous year.
Last year, SPAR Slovenia launched a new sustainability strategy with eight key goals, encompassing environmental and social responsibility.
One of SPAR Slovenia's main objectives is to promote sustainable shopping habits, including developing eco-friendly SPAR brand products and facilitating recycling.
SPAR Slovenia also caters to various dietary needs and lifestyles by offering product lines, such as SPAR Veggie (for vegans and vegetarians), Free From (for those with gluten or lactose intolerance), and SPAR Vital (for health-conscious consumers).
