June 2022
Chairman's Address
For yet another year, I am lucky and honoured to inaugurate our annual report, a document that not only reflects our business in 2022, but is also a snapshot of our commitment to people and the environment in all the territories where we are present through IFA's partners.
In recent years, thanks to the commitment and professionalism of the partners and their teams, IFA has successfully faced a number of challenges, such as historic inflation, transport stoppages, commodity hikes, a regulatory tsunami, an unprecedented energy crisis and unfortunate conflicts such as the one in Ukraine. And together we have proved stronger.
Beyond the challenges that 2022 brought, we have made significant achievements in the past year. We are proud to have celebrated our 55th anniversary, a milestone in which we were joined by our partners, manufacturers, collaborators and stakeholders with whom we are in constant dialogue and with whom we actively listen.
In these 55 years of history, we have managed to build a successful model, led by our partners, regional supermarkets, whose strategy is based on the manufacturer's brand, proximity, quality fresh produce and choice. This business model has translated into significant progress, making us the leading retailer in terms of sales area in Spain, the leading retailer in terms of sales in Portugal and the leading retailer with the most shops in Italy, reaching a consolidated global turnover of 36,128 million euros in Spain, Portugal and Italy, which represents a growth of 8.8% compared to the previous year.
We have done so, moreover, by contributing to the generation of employment, thus creating wealth and local value. I am particularly proud to be able to say that, in 2022, our member companies created more than 4,000 new jobs globally, of which more than 1,600 were in Spain, reinforcing us as one of the country's leading employers.
As part of our commitment to transparency with our stakeholders, for yet another year we published our economic, social and environmental impact report in collaboration with KPMG, which measures the aggregate impact of IFA and its associates and quantifies our consolidated contribution to the Spanish economy.
The report places us as one of the main economic drivers in Spain: we contribute 10,000 million euros to the GDP, which is equivalent to 0.8% of the national GDP and 32% of the GDP of the agricultural and livestock sector. And what's more, for every euro of profits and salaries paid by IFA, we generate 3.7 euros in the rest of our supply chain, which, compared to other sectors of the economy, places the Group's tractor effect at the top of the country, above sectors such as motor vehicles or oil refining products.
Our economic sustainability always goes hand in hand with our commitment to our social and environmental contribution, which is why this report has identified that in the IFA Group we contribute to 30 of the 169 goals of the Sustainable Development Goals, impacting 12 of the 17 goals established by the United Nations to advance towards the 2030 horizon.
And as part of this commitment, for yet another year we have renewed our alliance with the Gasol Foundation with the aim of preventing childhood obesity through support for PRESAFALÍN and the Estudio PASOS 2022, among other initiatives. Thanks to this alliance, in 2022 we have achieved another very important milestone: the Pacto Mundial de Naciones Unidas and the Rafael del Pino Foundation have awarded us for our contribution to reducing inequalities. Undoubtedly, this healthy alliance multiplies our capacities as agents of change.
All these achievements and awards would not be possible without all our partners and all the professionals who make up the IFA family, whom I would like to thank deeply for their commitment and dedication. Because, above all, behind the IFA Group's figures is the guarantee of a company prepared to lead the future, together. We face this year with new challenges and renewed efforts. I am convinced that we will be able to emerge even stronger. Thank you for these 55 years and lets look forward to another year.
Best regards,
JERÓNIMO MARTÍN RODRÍGUEZ
Chairman and CEO of IFA RETAIL, S.A.
MISSION
Three features that underpin our character
We are committed to achieving EXCELLENCE, because this is the only way of ensuring that our customers will rely on us, more and more, day by day. We are also rmly committed to INNOVATION throughout the whole value chain, always providing our customers with free choice. Our conciliatory spirit always seeks to BALANCE between the independence of our members and our shared plans, fostering happy co-existence between our local and national suppliers.
VISION
Our aims
The objective of Grupo IFA is to be the best retail group in Spain, made up of Affiliate companies, all of which are leaders in their respective regions, and supported by a head office that provides services development, innovation and added value for every component within the chain.
We have embarked upon an ambitious path that will transform the central purchasing body into a true retail group operating in areas where, together, we can offer the greatest value, without losing sight of those features that make each company within the Group unique.
Our ultimate aim is to become a true agent for change within a sector that requires impetus and balance, setting our sights on creating value and working to ensure growth and employment in our market.
VALUES
What is important to us
Grupo IFA’s values stem both from our commitment to serve society and from our inner nature.
Proximity
Our points of sale all over Spain are a good reflection of this value, and the true significance of this is complemented by our in-depth understanding of our consumers, their needs and desires.
It is also reflected in IFA’s agreements with local suppliers, especially with regard to fresh products.
Quality
We have been working hard for almost 55 years to satisfy the demands of the market. This is why we select suppliers that best meet the quality standards that our customers want.
Our stores are dominated by fresh products, guaranteeing top-quality raw ingredients thanks to intense negotiations with the best fish markets to ensure the freshest of fish, with local markets to obtain recently-harvested fruit and vegetables, and with leading livestock farms in each region.
Balance
The Group’s solidity means we can balance the autonomy and management independence of our affiliate companies within a cohesive project that favours the whole.
We also know how to maintain balance between our local and national suppliers to offer our consumers the greatest possible freedom and choice in their purchases.
Variety
We are committed to responding to every need, so we o er a universal range of products, manufacturers and prices, representing everything from the most innovative of products to major brands and our own-brand.
We do this because we know that not all tastes and needs are the same, and we rmly believe that free choice is of key importance in ensuring maximum satisfaction in our customers’ shopping experience.
Innovation
Innovation has always been part of the DNA of Grupo IFA. We were the rst to develop the multiple chain and cash & carry concepts in Spain, as well as pioneering the use of bar code readers and implementation of the EDI system.
Since the outset we have supported product launches and the work of suppliers in a bid to add value within the various categories, and we are working to develop a distribution model that will meet the expectations of current and future generations.
Versatility
Our points of sale come in all sizes. We can be found both in large cities and in small towns. We have international, national and local suppliers... because what de nes us is not where we come from nor does our size, but rather a shared way of being and understanding of the nature of our work.
Trust
This is one of the values that underpins the most genuine and lasting of relationships, and we work to encourage it every day through our friendly nature and the quality of the products available.
The Board of Directors is made up of 14 Directors and a Secretary, who is not a Director. It includes a Chairman and a Vice-chairman- who are also CEO’s - and a CEO.
D. Alejandro Fernández Gonzalez
Alimerka, S.A.
Vice-Chairman and CEO
D. Eusebio Rubio Martín
Ahorramás, S.A.
Chief Executive Officer
D. Joan Font i Fabregó
Bon Preu, S.A.U.
Chief Executive Officer
Board of Directors
Dª. Manuela Bella Díaz Orta
Cash Lepe, S.A.
D. Manel Romero Romagosa
Condis Supermercats, S.A.
D. José Abraham Domínguez Santana
Dinosol Supermercados, S.L.
D. Roberto Tojeiro Rodríguez
Gadisa Retail, S.L.U.
D. Josep Saperas Vergara
HD Covalco S.L
D. Gregorio Gilarranz Sánchez
Hiper Usera, S.L.
D. Luis Mesquita Soares Moutinho
Modelo Continente Hipermercados, S.A.
D. Rafael Ruiz Alonso
Teógenes Ruiz, S.L.
D. Juan Antonio Gomez Pérez
Unagras, S.A.
D. José Ramón Fernández de Barrena
Uvesco, S.A.
Secretary (no Director)
D. José María Martín Jiménez
Centralizaed Purchasing Commitee
The Commercial Committee, made up of A liates and Head O ce executives, carries out continuous market and sector analysis, and has decision-making power. It also provides information and makes recommendations to the Board of Directors about measures to be taken, for which the Board must give final approval.
D. Fernando Romero Casado
Ahorramás, S.A.
Dª. María Barrado Franco
Alimerka, S.A.
D. Joan Sabartes i Pardo
Bon Preu, S.A.U.
Dª. Alicia Pujol Martínez
Condis Supermercats, S.A.
Dª. Olivia Llorca Afonso
Dinosol Supermercados, S.L.
D. Santiago Codesido Barreiro
Gadisa Retail, S.L.U.
D. Adolfo Martínez Carnero
Grupo Hermanos Martín, S.A.
D. Pere Kaiser Cozar
HD Covalco, S.L.
D. Francisco Sánchez del Arco
Hiper Usera, S.L.
D. Jaime Femenias Dols
Unagras, S.A.
Dª. Paz Fernández Vega
Unialco, S.L.
D. Juan Manuel Morales Alonso
IFA Retail, S.A.
D. Víctor Pérez Díez
IFA Retail S.A.
Our raison d'etre
Our customers are the central pillar of Grupo IFA. All our work is aimed at providing them with a better service, and this is why shoppers are choosing us in ever-increasing numbers.
We adapt our product lines to suit consumer demand, ensuring them of the quality and safety they deserve. We try to ensure that our supermarkets satisfy their consumption needs effectively, quickly and comfortably, and we run very popular ongoing promotions in partnership with our suppliers.
Grupo IFA’s commitment to new technologies also contributes to our good relationship with our customers. Our Affiliates have developed online sales channels, and have adapted their means of payment to reflect the latest trends.
All this explains the success of the “IFA formula”. According to the consultancy Kantar Worldpanel, more than one in every two Spanish consumers do their shopping in Group supermarkets. This recognition brings us the greatest possible satisfaction.
Working hand-in-hand for a better future
Grupo IFA believes in the importance of its suppliers. They are our greatest allies in developing initiatives to meet our consumers’ needs more efficiently.
An example of this close collaboration can be seen in the 614 commercial agreements that bind us, and the launch of 10 major projects related to innovation, the development of new categories, and coordinated promotional work – all of which are focused on improving the value chain.
Our objective is to continue our commitment to innovation among our suppliers and to free choice of brands and formats for our consumers, for the benefit of all those involved in the value chain, and thus society as a whole.