Annual Report & Review 2017

2017 was a good year for the business, building on the achievements of 2016, and putting us on track for sustainable future growth.

Although the market remains tough and hugely competitive, a good financial performance has been delivered through a programme of sustained and focused investment aimed at getting all the basics absolutely right, while strengthening and stretching our brands.

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Chris Martin, CEO Musgrave

We have set our purpose as Growing Good Business – growing sustainably for the benefit of partners, colleagues and the company. It’s an inspiring commitment that provides a common direction for our people to drive and stretch our brands, while at the same time exploring growth opportunities in new markets. It’s placed growth at the heart of what we do but not at any price. It has to benefit not just Musgrave, but the ecosystem that supports our business.

And I am pleased to report that the story of our 2017 performance is one of growth. For the third year in a row, the Group has reported increased profit, with all our brands performing well throughout the year.

Our 2017 highlights

In 2017, each of our brands, our people and partners have worked tirelessly to evolve stores, innovate in digital technology, improve service delivery and offer a different and better retail experience.

Financial highlights

Musgrave sales €3.7 billion
Retail sales €5.1 billion
Group turnover € billions
Profit before tax € millions

*Excluding pension gain

Net cash € millions
A solid financial performance has been delivered through a programme of sustained and focused investment aimed at getting the basics right, while strengthening and developing our brands.

People

Awards

Blas na hEireann awards for SuperValu, for its own brand and Food Academy products

Great Taste awards for own brand products across our retail brands

Voted best reward scheme in Ireland

Stores

Taking care of our world

As a sixth-generation family business with a 140-year heritage and a strong set of values, Musgrave genuinely cares for people and for the planet. This is why we became one of the first companies worldwide to embed the UN Sustainable Development Goals in our strategy. However, we wanted to go further, and so we put together a framework of commitments to take us into the next decade and beyond.

  1. Inspiring healthier lives. We will improve the health of 2 million consumers across the island of Ireland.
  2. Building sustainable communities. We will make a positive impact on the planet by enabling our partners to make every local community in Ireland a sustainable community.
  3. Sourcing responsibly. We will be the most trusted food operator across the island of Ireland, known for the integrity of our supply chain from farm to fork.
  4. Caring for our world. We will minimise the impact of our operations on the world around us and use our network to influence others to do likewise.

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