
The Sklavenitis grocery group on Tuesday announced turnover of 4.47 billion euros in 2022, up from 3.98 billion euros in 2021, with EBITDA, however, to 276.4 million euros.
The same figure for 2021 was 292.7 million euros.
Pre-tax profits totaled 78.5 million euros, down from 92.5 million the previous year. The grocer attributed the decline in profits to efforts to absorb significant portions of price hikes on a variety of goods.
The affiliated Hellenic Supermarkets Sklavenitis reported a slight increase in turnover, to 3.7 billion euros in 2022, up from 3.3 billion euros in 2021.
EBITDA fell to 226 million euros from 251.2 million euros; pre-tax profits eased to 60.1 million euros, down from 82.3 million euros the previous year.
At the same time, the group announced 2,352 new job positions, with its workforce exceeding 29,800 in December 2022.
Sklavenitis cited investments of more than 50 million euros in store renovations, the opening of a new hypermarket and the acquisition of nine super market outlets, from SEP Markets, in the northwest city of Ioannina.


Latest News

Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion

Opposition Reacts Strongly to Greek Government Reshuffle
PASOK's spokesperson, Kostas Tsoukalas, characterized the reshuffle as a clear indication of Mitsotakis' "strategic deadlock."

Greece’s Economy Awaits Moody’s Verdict on Investment-Grade Rating
The stock market has reflected strong performance, with the general index showing resilience and a lack of inward-looking caution.

Greek PM Reshuffles Cabinet after No-Confidence Vote
The most notable changes in the Greek cabinet reshuffle include Kostis Hatzidakis being appointed Deputy Prime Minister and Kyriakos Pierrakakis taking over as Minister of National Economy and Finance.

Mitsotakis: Greece-Israel Strategic Ties Increase Stability in East Med
Greek Prime Minister Kyriakos Mitsotakis made the statement in welcoming Israeli Foreign Minister Gideon Sa'ar to his office on Thursday

Conference Tourism in Greece Targets €6-7BLN
Currently, the Greek conference tourism generates €2 billion in revenue, ranking 47th globally in terms of total turnover in the international conference industry

Greece 2nd Last in Employment Prospects in EU: ManpowerGroup Report
Contrary to the global average, Greece’s employment prospects are strongest in the consumer goods and services sector

Greece Returns to Markets Reopening 15- and 30-Year Bonds
Pricing of the new bonds is expected to be finalized today, March 13, with settlement anticipated on March 20

Research in Greece : Wasted Talent, Missed Opportunities
The symposium made one thing clear: Greece possesses the intellectual capital to compete globally, but without decisive policy reforms, its research potential will continue to be squandered.

Greek Education Ministry to Launch Free Audiobook App eVivlio
The eVivlio app offers free access to audiobooks by Greek and international authors, narrated by well-known actors.