The Canarian Hiperdino touched 1,100 million in gross sales and doubled its revenue in 2021 | Firms

Dinosol Supermarkets, proprietor of hyperdyne and the principle meals distribution group within the Canary Islands, added a brand new 12 months of income progress in 2021, chaining 9 consecutive years of gross sales enhancements.

On the finish of final 12 months these reached 1,095 million euros, an enchancment of three% in comparison with 2020. Regardless of the normalization of consumption after the worst episodes of the pandemic, since throughout final summer time a lot of its institutions operated at half fuel , the Canarian group was capable of proceed rising and contact 1,100 million. Since 2013, its turnover has grown by 46%.

The advance in turnover in 2021 was additionally accompanied by higher profitability knowledge. Ebitda went from 56 million in 2020 to 70, the very best for the reason that firm modified arms in 2012, far exceeding pre-pandemic figures, “regardless of the detrimental results of the Covid-19 virus, which has restricted the sale of shops situated in vacationer areas to 50%, which has meant a lack of EBITDA of roughly 10 million”, says the corporate within the administration report of the accounts that it has simply deposited within the Mercantile Registry.

The scenario of those shops in probably the most touristic areas of the island, and which usually function underneath the Hiperdino Specific format, has improved in 2022. For the reason that starting of the 12 months, all these institutions have reopened, reaching gross sales of 80% of 2019 ranges. .

Then again, Dinosol doubled its web revenue to 21.7 million, after the just about 60% drop it suffered in 2020 as a result of pandemic. This consequence means that you can method the advantages you obtained earlier than the well being disaster, which in 2018 and 2019 exceeded 23 million.

On the finish of final 12 months, Dinosol operated 231 factors of sale, plus 34 Dinoshop format shops. Throughout 2021 it opened three new shops and closed one, along with enterprise the reform of a dozen shops. In 2022, the objective is to transform eight extra shops and develop its logistics platform in Polígono de Güímar (Santa Cruz de Tenerife).

For this train, the corporate aspires to “proceed to exceed” the gross sales and profitability figures, though it warns of the influence of inflation. Dinosol additionally canceled its syndicated mortgage and signed a brand new one for a complete of