The approval process of the 2023 statutory and consolidated financial statements of Nova Coop, the consumer cooperative of Piedmont and upper Lombardy, is underway, which, like every year, submits the ratification of its budget document to the vote of its 583 thousand members.
When and how to participate in the province of Cuneo
This year it is possible to vote on the items on the agenda of the separate Coop Members’ Meetings by choosing between three different methods:
by voting on tablets, until May 26, in all Nova Coop stores;
by participating in the separate Assembly of their relevant Coop Members’ Office. For the shops in Cuneo, Bra and Savigliano the meeting will be held on 5 June in Cuneo at 8.45pm at the Don Bosco Salesian Oratory in Via San Giovanni Bosco 21;
by sending the completed voting form via certified email or registered mail within the voting deadlines of your meeting.
The Cooperative’s management results
Nova Coop presents itself to its members with gross sales of the entire commercial network growing by 3.07% to 1 billion and 194 million euros, a net profit of 28.39 million euros and an increase in net assets of over 30 million of euros on the previous year, for a final value of 852 million and 462 thousand euros. A figure that speaks of the Cooperative’s strong position, for which the ratio between loan raised and assets stands at 0.79.
A budget management that sought to cushion inflationary pressures directed at the consumer. 2023 was characterized by the inclusion of a new line of branded products, specifically developed to respond to the growing demand for strong convenience and support for families’ purchasing power, and support for members also translated into 108 million euros of total discounts reserved for them, through targeted promotions, dedicated offers and catalog points.
The 2023 consolidated financial statements of the Nova Coop Group, which includes the turnover of the Cooperative and those of its main subsidiaries Nova Aeg and Sviluppo Dora, recorded an overall consolidated production value of 2 billion and 261 million euros, with a consolidated net profit of 28.39 million euros.
The comment by the President of Nova Coop Ernesto Dalle Rive
“In a year that is not easy to deal with due to the increases in management costs still determined by inflationary processes – comments the president of Nova Coop Ernesto Dalle Rive – we have confirmed the good governance that distinguishes our cooperative and has long made it one of the best performing entities in the Coop system. We have defended our market shares in the area in which we operate, continuing to develop and improve the efficiency of the commercial network, strengthen our capital and confirm a strong propensity for innovation, both in terms of the commercial offer and in the relationship with customers. territories that host us. All this while we relaunched our commitment to defending the purchasing power of members and consumers, choosing to directly absorb part of the increases that have characterized consumer goods, and while we continued with our social activities, in line with the objective of concentrate our efforts on the health-safety combination in order to truly represent an element of added value for our customers”.
Further details, together with the agenda and information materials, can be consulted on the website www.novacoop.it. The vote will also allow you to choose the delegated members to participate in the General Assembly, scheduled in Stresa (Vb) on June 22nd.
