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The Co-operative streamlined network of stores under the name Coop Sweden joined in its first year with a loss of 306 million. CEO Sonata Burman-Olsson are sticking to its earlier target, profit comes first 2017.
Co-operative streamlined network of stores under the name Coop Sweden joined in its first year with a loss of 306 million. CEO Sonata Burman-Olsson are sticking to its earlier target, profit comes first 2017.
2014 drew the new leadership of the wild cooperative movement launched an extensive “uppstädningsarbete”. Now, new CEO Sonata Burman-Olsson present its first annual report in which the result shows a loss.
– With the new Coop Group launched on 1 January 2014, no relevant comparative figures, she stresses .
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2014 resulted in a deficit in the movement of 306 million. But even during 2015 and 2016 based Sonat Burman-Olsson it to be losses.
– Our goal is to Coop Sweden will report earnings in 2017, says the Sonata Burman-Olsson.
She took over the helm in May 2014 being after a series of difficult years of losses for the cooperative movement. Turnover in the newly formed Coop Sweden Group in 2014 to just over 34 billion. Of net sales store sales (326 stores at the end of last year) for approximately SEK 23 billion.
– By the end of the year we could see some performance improvements and we have continued to take home synergies in the early 2015th Profit for the year is in line with our strategic plan. Our goal is to Coop Sweden will report earnings in 2017, says the Sonata Burman-Olsson.
What makes her safe in the banishment include a positive cash flow, approximately 1 billion .
Last year had a turnover of all the country’s 665 Coop stores, as well Coop Sweden AB as consumer associations stores around 40 billion.
– We have devoted much effort to analyze the situation in all parts of the company. We have scrutinized our strengths and weaknesses. We have clarified what needs to be built and what must be restructured, explains Sonata Burman-Olsson.
According to Coop-manager is now a clear corporate structure. Among other things, several new agreements with several suppliers negotiated.
– By the end of 2014 we could see some performance improvements and we have continued to take home synergies in the beginning of 2015th
Her goal is to build a coop with a stronger customer offering and increased focus on families with children.
– We will be the good force in the Swedish FMCG she explains.
This will be done on a highly concentrated Swedish food retail market where Ica is still dominant with over half of the market.
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