Online supermarket Picnic reports a 34% turnover increase to €1.2 billion in 2023, a net loss of over €220 million.

Online supermarket Picnic reports a 34% turnover increase to €1.2 billion in 2023, with profits in the Netherlands attributed to automation. Despite this, the company still posted a net loss of over €220 million. Picnic's sales grew in Germany (+41%) and France (+147%), serving 2.3 million customers and operating in 450 cities. The company aims to achieve a gross operating profit of €4 million by the end of 2023 if its performance continues.

August 19, 2024
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