Coop posts robust sales growth and stable profit in 2022

Coop grew strongly over the past year and generated sales of CHF 34.2 billion, which equates to a rise of 7.3%. Cost increases of around CHF 250 million were charged to profit and not being passed on to customers. At CHF 562 million, profit was slightly higher than the previous year and will be fully reinvested in the company.

Both the retail and wholesale / production divisions experienced marked sales growth. Retail grew by CHF 304 million, to CHF 19.9 billion, and the wholesale / production business area by over CHF 2 billion, to CHF 15.7 billion.

The online business posted sales of around CHF 5 billion, an increase of CHF 1.2 billion.

Sustainability sales also rose by a substantial CHF 382 million, to CHF 6.2 billion, meaning that Coop is still the clear number 1 in Switzerland for sustainability. Coop has the widest sustainable range in Swiss retail and the world's largest selection of Fairtrade goods.

Coop generated total sales of CHF 34.2 billion in 2022. Profit came to CHF 562 million, meaning that, in a challenging economic environment and with higher operating costs, Coop has posted stable profit. Equity amounted to 52.1% of total assets, which means that Coop remains on a rock solid financial footing. As of the end of 2022, Coop had a total of 94,790 employees. In Switzerland, the workforce increased by 286.

Retail
Total net sales in retail increased by CHF 304 million, to CHF 19.9 billion. The net sales of the Coop supermarkets, including Coop.ch, amounted to CHF 11.6 billion. This equates to an 8.8% increase compared with the pre-pandemic figures from reference year 2019, yet remains below the record levels achieved during the pandemic. Despite cost pressure, Coop continued to invest in expanding its Prix Garantie range and in lowering prices, notably for fruit and vegetables.

The specialist formats generated net sales of CHF 8.4 billion, achieving a year-on-year rise of 11.2%. Coop City, Jumbo, Import Parfumerie, Christ Watches & Jewellery, Coop Vitality and Coop gastronomy reported pleasing sales growth.

Wholesale / Production
Net sales in the wholesale / production business area increased by 14.9% to CHF 15.7 billion. This equates to growth of CHF 2.0 billion.

Transgourmet generated net sales of CHF 11.1 billion, an increase of 21.4%. Prior-year figures were considerably exceeded in all Transgourmet national subsidiaries, enabling the company to further consolidate its strong position in the European Cash & Carry and wholesale supplies market. This is attributable in part to the recovery of wholesale trade following the lockdowns in response to the pandemic, as well as to the acquisition of Transgourmet Ibérica.

Net sales of the manufacturing companies grew by CHF 177 million, to CHF 5.2 billion.

Online business
Coop's online business posted sales of around CHF 5 billion, an increase of CHF 1.2 billion. With over 18,000 products, online supermarket Coop.ch grew by 8.5%. Customer orders rose by 12.5%. In the wholesale business area, online sales grew by 55.2%.

Sustainability
Sustainability sales were increased by around CHF 382 million overall in 2022, to CHF 6.2 billion. This equates to growth of 6.5%. With around 20,900 products, Coop has the widest sustainable range in Swiss retail, meaning Coop is still the clear market leader in Switzerland.

Tel. +41 61 336 70 00 or media@coop.ch