Online supermarket group Picnic turns profitable for the first time

Online supermarket group Picnic turned a profit in the last four weeks of last year, thanks in part to its robot delivery business. center In Utrecht, director Michiel Muller told Financial Daily.

Mueller did not disclose how much profit the company made, but said if company This year, we will continue to perform well and achieve gross profit (Don’t bite) 4 million euros. It may seem like a small sum, he said, “but we have always said that we will grow fast first and automate later.”

He said the positive figures had nothing to do with the end-of-year celebrations. “Christmas is a good time because you have a few days of high sales, but it also brings problems and extra costs.”

Picnic has no physical stores and has been providing grocery delivery services in the Netherlands since 2015. The company has now expanded its business to Germany and France.

Last year the company had net sales of 1.2 billion euros but a loss of nearly 221 million euros.

In 2021, Raising €600 million Received funding from various investors including the Bill & Melinda Gates Foundation to finance its international expansion.