Edeka Annual Report 2023

Once again, in the fiscal year 2023, the cooperative principle of the EDEKA Group demonstrated its effectiveness. A robust economic performance, highlighted by a 6.7 percent increase in sales, underscores the concerted effort across all tiers of the association. Independent retailers, regional wholesalers, and EDEKA’s headquarters collaborated seamlessly despite a challenging economic landscape. The company’s track record attests to the wisdom of seizing every opportunity and leveraging strengths to thrive.

In 2023, consumers experienced the second most expensive year since reunification. According to data from the Federal Statistical Office, prices increased by 5.9 per cent on average throughout the year. The only higher value was recorded in 2022, at 6.9 per cent, following the Russian invasion of Ukraine, which led to a significant spike in prices for energy and food, while many international supply chains spiralled out of control. Geopolitical crises and discussions surrounding the federal budget further exacerbated consumer uncertainty throughout the year.

Highlights

• +5.9 % INCREASE IN CONSUMER PRICES 2023
• 70.7bn € TOTAL SALES