- In the financial year 2023, Transgourmet Polska achieved net revenues from the sale of goods in the amount of PLN 4,221,978,000 (excluding VAT).
- The company's net profit is PLN 40,189,000 (PLN 78,886,000 profit for 2022).
– The year 2023 was full of challenges for the entire food market in Poland. In February, the monthly CPI reached its highest value in over 23 years at 18.4%. It was also the month with the highest price increase for food and non-alcoholic beverages at 24%. Concerns about the cost of living were growing among consumers, which had a direct impact on their purchasing decisions. With this in mind and in the face of the continuation of changes that have been taking place on the Polish retail market for years, in particular the further, significant expansion of discount chains, the decline in the number of independent grocery stores, as well as the offensive pricing policy of the competition, the company achieved good results for 2023, generating sales revenues goods at a level PLN 48,625,000 higher than in 2022 – this is how Transgourmet Polska (owner of the Selgros chain) summarized 2023.
Selgros achieves growth in the Horeca segment
The strategy of building competences in the HoReCa client area adopted by the company several years ago brought positive results for another year. In 2023, sales revenues in this area amounted to PLN 1,228,538,000 and were higher by PLN 124,354,000 (+11.3%) compared to 2022. The share of HoReCa segment revenues in the company's total revenues increased to 29% (+2.6%). -points).
New warehouse, more TSP and 20 halls
In December 2023, the company completed the construction of the second Foodservice warehouse in Gliwice with an area of over 19,000 sq m, for which the occupancy permit was issued in January 2024 and which as of
balance sheet was included in fixed assets under construction. The first deliveries to customers were made on January 30, 2024. Additionally, TSP (Trans Shippment Points) were launched in Kraków (near the Selgros hall), Łódź and Wrocław (rented warehouses). These investments enabled customer service in new regions of Poland (south), cost optimization of already supplied customers (Silesia, Kraków, Wrocław) and minimization of operational risk in the Foodservice area (customer service from two warehouses).
In 2023, the company continued intensive work to ensure further expansion of stationary trade. The company has started the reconstruction of the facility in Lubin purchased in 2022. The opening of the 20th Selgros market in the compact format took place on March 14, 2024.
4.3 thousand Selgros employees and 1.9 million registered customers
At the end of 2023, the company employed 4,363 employees, including 389 people at the company's headquarters.
As of December 2023, the company's registered customers were approximately 1.9 million.
In the financial year 2023, the company achieved net revenues from the sale of goods in the amount of PLN 4,221,978,000 (excluding VAT) and showed a gross profit of PLN 53,256,000. Net profit is PLN 40,189,000 (PLN 78,886,000 profit for 2022).
Selgos assesses the economic situation
– The management board is particularly positive about the company's development opportunities in the area of professional deliveries to HoReCa in the Cash & Carry and Foodservice channels. Due to the potential of the Polish market and the organizational and technical capabilities of the company, a significant increase in market share is expected in this area.
The company's management board also estimates that rising energy prices and the release of frozen VAT rates on food may impact the general level of inflation and a decline in the purchasing power of households, and consequently cause a slowdown in consumption. There is also concern about the future of small independent grocery stores, which may be replaced by chain stores. The above factors may be reflected in the results in 2024, the management board said.
Selgros invests in a monitoring system. Risk of cybeataca
Due to the ever-growing threat of cybernetic attacks, Transgourmet Polska is increasing investment expenditure on IT security.
– Further expansion of infrastructure alerting and monitoring systems was carried out in the context of the company's IT security. In preparation for the production launch of the new ERP system in the Cash & Carry sector, appropriate investments were made in IT equipment and the architecture was adapted to the system requirements. The company prepared a technical and business analysis and assumptions for the development of e-commerce support systems for B2C and B2B channels. Analyzes related to the future implementation of the National eInvoice System were also carried out – it was summarized.
