Sklavenitis: New investments – record, turnover of 6 billion

Flirting with a turnover of 6 cardinal euros this year, the Sklavenitis radical maintains its enactment successful the home supermarket marketplace by launching caller investments of 350 cardinal euros successful the two-year play 2026-2027.

In the four-year play 2024-2027, the company’s improvement program foresees funds exceeding 670 cardinal euros.
In particular, the signals from the marketplace corroborate that the Sklavenitis radical has maintained the important region it holds successful narration to different players, signaling higher gross maturation rates than the full market, which, based connected Nielsen IQ astatine the extremity of August, moved astatine a complaint of 7.8%. Maintaining a precocious single-digit gross maturation complaint places the target for the consolidated revenues of the Sklavenitis radical astatine 6 cardinal euros for this year.
The strong loyalty that Sklavenitis enjoys from home consumers supports the implementation of its improvement strategy, which foresees the implicit reconstruction of its storage and accumulation infrastructure.

Investment plan

In 2024, the radical allocated 178 cardinal euros successful investments, while this year it is estimated that astir 150 cardinal euros will beryllium allocated. For the two-year play 2026-2027, the total concern fund will transcend 350 cardinal euros.

According to sources adjacent to the group, the program for 2026-2027 includes the operation of a caller temperature-controlled merchandise organisation center, owed to run successful 2027. It besides provides for the installation of physics income signs (price tags) passim the network, arsenic well arsenic the instauration of 15 caller points, while astir 60 renovations are planned successful existing stores.
At the aforesaid time, two caller stores person opened this year successful Patmos and Kranidi, and different 1 is expected successful Ioannina by the extremity of the year. It is noted that the radical presently has 541 stores, employs 41,633 radical and serves an mean of 753,000 customers per day.

In Cyprus, the extremity for Sklavenitis is to conquer – successful the archetypal signifier – the 2nd presumption successful the section market. The completion of the extremist renovation of each 9 Papantoniou supermarkets, which helium acquired successful 2024, is expected by the extremity of 2025. Based connected sources, the institution is expected to execute a turnover of astir 400 cardinal euros this year, up from astir 230-250 cardinal euros that gross is estimated to person reached successful 2024.