Makro closed the 2023-2024 financial year with an 80% increase in its investments in Spain compared to the previous year. The German company actually invested more than 22 million euros in what it describes as an intensive investment strategy. Items include the 7 million euros allocated to improving infrastructure at the La Laguna centre in the north of the island of Tenerife (the Canary Islands), for its conversion into a multi-channel centre.

Investments were made last year at the Makro centres in Leganés (Madrid), Oviedo (Asturias) and Palma de Mallorca (Balearic Islands), with the same goal of converting them to the multi-channel model. The company also invested 5 million euros in an energy saving plan and in the implementation of new non-polluting cooling systems, which will contribute to increasing the energy efficiency of its facilities. 

Commitment to Spanish suppliers
Aside from the specific subject of investment, Makro also strengthened its commitment to the Spanish market in 2024. Purchases from domestic suppliers accounted for 90% of the total. Furthermore, 80% of the purchases of its own brands were made from Spanish suppliers, and in both cases half of them were purchased from SMEs. Sales of these products increased by 11% in the case of fresh products, 26.4% of the total, and by 13% in own brands, which amounted to 39% of the turnover.

A featureof the sustainability area is the incorporation of 14 100% electric trucks to the last-mile distribution routes in ten Spanish cities, as well as the zero food waste project, which has already prevented 800,000 kilos of products from being discarded and more than two thousand tonnes of CO₂ from being emitted.

Financial year results
In the 2023-2024 financial year, Makro achieved sales of 1.737 billion euros, growing by 6.4% compared to the previous year. Sales in product volume grew by 3% and those from HORECA customers grew by 8.2%. Net income amounted to 17.8 million euros, 22.3% more than in the previous financial year.

The biggest growth was in the distribution service and online sales to the hotel and catering industry, with a 14.3% increase in sales, leading this item to represent 27.5% of total turnover and consolidating Makro's commitment to the multi-channel business.

Makro Spain CEO Bertrand Mothe is very satisfied with the results, which "demonstrate the robustness of our strategy", and said, "We will continue to drive the development of the HORECA industry in Spain, offering the best wholesale solutions and services to the hospitality industry and a platform for growth to our suppliers".

^{Photo: Makro}