Micro Markets

Selecta Group boosts 2022 sales, reduces loss boosted by pricing

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March 16, 2023

Selecta Group, the Switzerland-based route service provider of convenience services, lifted its revenue in 2022 boosted by higher pricing and reduced its loss compared to 2021, according to an earnings report. In early 2022 governments eased pandemic related restrictions and the business partially recovered.

Highlights include:

• Revenue rose 13.5%, from €1.184 billion ($1.25 billion) in 2021 to €1.35 billion ($1.43 billion) in 2022, sustained by price increase execution, private account recovery and strong public performance.
• Loss for the year improved from €95.9 million ($101.58 million) to €83.5 million ($88.44 million).
• Continued positive trend in sales per machine per day rose 25% to a record-high €11.6, ($12.29) mainly driven by account recovery and removal of underperforming machines.
• The company reported a 90% growth in the number of Foodies micro market installations in 2022.
• The South segment, consisting of U.K. and Ireland, rose from €388.2 million ($411.19 million) to €417.9 million ($442.64 million).
• The Central segment, consisting of Switzerland, Germany, Austria and France, rose from €438.2 million ($464.15 million) to €483.7 million ($512.34 million).
• The North segment, consisting of Sweden, Norway, Finland, Denmark, Belgium and the Netherlands, rose from €382.4 million ($405.92 million) to €465.8 million ($494.45 million).

"Despite facing COVID, inflation and slow economic growth in Europe during 2022, we are proud to say that Selecta overachieved its targets. We delivered strong organic growth in 2022 by understanding our clients' needs and delivering tailored solutions which bring value to our clients and consumers," Joe Plumeri, executive chairman, said in the press release.