Consolidated Turnover
In millions of euros, constant associates
Consolidated Turnover
In millions of euros, constant associates
Centralized Payments Grupo IFA
In millions of euros, constant associates
Turnover (net) Grupo IFA
In millions of euros, constant associates
MARKET
SHARE
13.0%
FMCG
Source: Nielsen
SPAIN, PORTUGAL AND ITALY
MARKET
SHARE
14.6%
FMCG
Source: Nielsen
SPAIN
Market share
in surface area BORRAR ANTIGUO
Source: RETAIL DATA
We increased our market share based on value in the supermarkets channel to 14.6% in 2023.
We are one of the country's main employers, ending the year with a consolidated base of 82,075 employees.
The market share in the supermarket channel by manufacturer brand – which is one of our distinctive identity features - has raised by 24.6%.
At the year-end date, our national market comprised a network of 6,488 stores over a retail surface area of 4.1 million square meters.
The consistency of our commercial status is reflected by a consolidated income of €39,446 bn, which involves a 9.2% year on year growth.
Grupo IFA is the main operator in commercial space in Spain, with a 19.6% share in the retail channel and 31.8% in the wholesale channel.
The company leads in sales area in 22 provinces and is in second place in 9.
BALANCE SHEET
AT 31 DECEMBER 2023
In thousands of euros
| ASSETS | 2023 | 2022 |
|---|---|---|
| NON CURRENT ASSETS | 3,114 | 3,256 |
| Intangible fixed assets | 361 | 458 |
| Tangible fixed assets | 1,693 | 1,719 |
| Investments in Group companies | 62 | 62 |
| Long-term financial investments | 37 | 38 |
| Tax-deferred assets | 961 | 979 |
| CURRENT ASSETS | 1,084,394 | 980,426 |
| Inventory | 2 | 2 |
| Trade debtors and other accounts receivable | 1,082,150 | 980,175 |
| Short-term financial Investments | 26 | - |
| Other loans with Public Administrations | - | 377 |
| Short-term accruals | 145 | 159 |
| Cash and cash equivalents | 2,071 | 90 |
| TOTAL ASSETS | 1,087,508 | 983,682 |
BALANCE SHEET
AT 31 DECEMBER 2023
In thousands of euros
| NET EQUITY AND LIABILITIES | 2023 | 2022 |
|---|---|---|
| NET EQUITY | 38,302 | 35,914 |
| INTERNAL FUNDS | 38,302 | 35,914 |
| Capital | 1,849 | 1,849 |
| Reserves | 35,277 | 34,959 |
| Group shares | (2,535) | (2,535) |
| Profit | 3,711 | 1,641 |
| CURRENT LIABILITIES | 1,049,206 | 947,768 |
| Short-term provisions | 1,760 | 1,760 |
| Short-term debts | 5,251 | 14,834 |
| Short-term debt whith Group companies | 40 | 50 |
| Trade creditors and other accounts payable | 1,042,115 | 930,942 |
| Short-term acruals | 40 | 182 |
| TOTAL NET EQUITY AND LIABILITIES | 1,087,508 | 983,682 |
PROFIT AND LOSS STATEMENT 2023
In thousands of euros
| 2023 | 2022 | |
|---|---|---|
| Net turnover | 1,125,419 | 1,024,531 |
| Raw materials and consumables | (1,106,045) | (1,008.868) |
| Personnel expenses | (8,483) | (8,311) |
| Other operating expenses | (5,419) | (4,706) |
| Amortization of fixed assets | (653) | (528) |
| OPERATING RESULTS | 4,189 | 2,118 |
| Revenue BORRAR ANTIGUO | 375 | 228 |
| FINANCIAL RESULTS | 129 | 102 |
| RESULTS BEFORE TAXES | 4,948 | 2,220 |
| FINANCIAL RESULTS | 3,711 | 1,641 |
STATEMENT OF CHANGES IN EQUITY FOR 2023
A)Statement of recognised income and expense
In thousands of euros
| 2023 | 2022 | |
|---|---|---|
| Result of the profit and loss statement | 3,711 | 1,641 |
| Total revenue and expenses charged directly to net equity | - | - |
| Total transfers to profit and loss statement | - | - |
| TOTAL RECOGNISED REVENUE AND EXPENSES | 3,711 | 1,641 |
B)STATEMENT OF CHANGES IN TOTAL EQUITY
In thousands of euros
| Capital | Legal reserve |
Statutory reserve |
Other reserves |
Group shares |
Result for the year |
TOTAL | |
|---|---|---|---|---|---|---|---|
| BALANCE AT THE BEGINNING OF THE YEAR 2022 | 1,849 | 370 | 4,061 | 28,526 | (1,591) | 3,325 | 36,540 |
| Total recognised revenue and expenses | - | - | - | - | - | 1,641 | 1,641 |
| Operations with shareholders | - | ||||||
| BALANCE AT THE END OF 2022 FY | 1,849 | 370 | 4,061 | 30,528 | (2,535) | 1,641 | 35,914 |
| Total recognised revenue and expenses | - | - | - | - | - | 3,711 | 3,711 |
| Operations with shareholders | |||||||
| BALANCE AT THE END OF 2023 FY | 1,849 | 370 | 4,061 | 30,846 | (2,535) | 3,711 | 38,302 |
STATEMENT OF CASH FLOWS FOR 2023
In thousands of euros
| 2023 | 2022 | |
|---|---|---|
| CASH FLOWS OPERATING ACTIVITIES | 13,401 | (43,885) |
| Result for the year before taxes | 4,948 | 2,220 |
| Adjusted results | 607 | 976 |
| Changes in current capital | 8,527 | (46,047) |
| Other cash flows from operating activities | (681) | (1,034) |
| CASH FLOWS FROM INVESTMENT ACTIVITIES | (504) | (492) |
| Payments for investments | (530) | (495) |
| CASH FLOWS FROM FINANCING ACTIVITIES | (10,916) | 12,186 |
| Collections and payments for equity instruments | - | -(944) |
| Acquisition of equity instruments | - | (944) |
| Collections and payments for financial liability instruments | (9,593) | 14,453 |
| Other debt emissions | (9,583) | 14,453 |
| Repayment and amortisation of bank debt | (10) | (100) |
| Dividend payments and remunerations of other equity instruments | (1,323) | (1,323) |
| Dividends | (1,323) | (1,323) |
| NET INCREASE/DECREASE IN CASH OR CASH EQUIVALENTS | 1,981 | (32,191) |
| Cash or cash equivalents at start of period | 90 | 32,281 |
| Cash or cash equivalents at end of period | 2,071 | 90 |