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financial summary of Shufersal for the year 2023:

noemie.rosenthal
2024-05-16 03:06:30
Revenues: Shufersal reported revenues of approximately 15.2 billion NIS for the year, which is an increase from the previous year’s 14.7 billion NIS1.Net Profit: The net profit for the year was about 323 million NIS. This is a significant improvement, especially in the fourth quarter, where the net profit was 133 million NIS, compared to only 3 million NIS in the same quarter of the previous year1.Operating Profit: The operating profit before other income/expenses for 2023 was 707 million NIS, which is 4.7% of the income. This is a substantial increase from 283 million NIS in the previous year, which was 1.9% of the revenues1.Expense Rate: The rate of expenses as a percentage of the group’s total revenues decreased by approximately 1.9% in 20231.Employee Count: In 2023, Shufersal reduced the number of employees to approximately 15,800, down from about 16,545 in 20221.Same Store Sales Growth: Sales in the same store branches grew by 6.9% in the fourth quarter of 2023 compared to the same quarter of the previous year1.Dividend Distribution: The board of directors decided on a dividend distribution of approximately 180 million NIS1.These results reflect Shufersal’s growth and improvements in profitability, with a strong end to the year influenced by increased demands during the Iron Swords War and technological advancements, such as the launch of the automatic delivery center in Modi’in1.

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