Discount Retail Chain Tiendas D1's owner the Valorem Business Group, announced its 2024 operating results, which highlight its consolidation as the leading retail company in the country, with revenues of COP 19.44 billion. This represents a growth of 11.57% compared to 2023, when it reached revenues of COP 17.42 billion. With these results, it surpassed Grupo Éxito, which, in its different formats, reported revenues in Colombia of COP 16.25 billion, and Tiendas Ara, which sold COP 13.72 billion.
On the other hand, D1's net profits totaled COP 373.210 million (1.92%) last year, with an increase of 26.68% compared to 2023, when they reached COP 294.590 million. The discounter closed the year with nearly 2,500 stores in 31 departments and 520 municipalities, employing 23,063 people, which represents an increase of 8.9% compared to 2023, of which 55% are women.
Likewise, discounter Tiendas D1 was the best-performing supermarket among listed companies, surpassing discounter Tiendas Ara (which grew by 11.1%), Carulla (with 8.4%), Almacenes Éxito (with 2%) and Jumbo/Metro, which registered a decrease of 8.2%.
Undoubtedly, 2024 meant a slowdown in its growth rate for Tiendas D1, which in 2023 was more pronounced. This decrease in D1's turnover during 2024, compared to 2023, was mainly caused by the decrease in household spending in Colombia, influenced by food inflation and unemployment, as well as by the lower opening of new establishments by the company compared to previous years.
It should be remembered that Valorem arose from the spin-off carried out by Bavaria in 1997 to separate its industrial activities in the brewing sector from the other companies where it was its main investor.
Today, the company has investments in sectors such as entertainment (Cine Colombia), media (El Espectador, Blu Radio and Cromos), forestry (Refocosta), energy, retail trade (Tiendas D1), hotels (San Francisco Investments), road freight transport (Ditransa) and natural gas (Gases del Caribe).
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