Leroy Merlin registered a record profit of 135 million in Spain in 2022 in the heat of the housing boom
Leroy Merlin has taken advantage of the real estate boom registered in Spain in 2022. The distribution company specialized in DIY items, owned by the French group Adeo, accelerated its growth in the Spanish market last year with a turnover of 3,328 million euros, 14.4% more than in 2021, and a record net profit of 135 million, 25% more. The investments planned for the next three years accelerate compared to previous years and amount to 415 million.
One of the key businesses in 2022 was online. The turnover of distance selling amounted to 266.9 million, 44.4% more. The Leroy Merlin website, which also has 400 external providers, is the fourth e-commerce market in Spain by traffic. Ryckeboer stressed that the improvement in delivery times has been fundamental. "If the product is in stock [storage] you can pick it up at the store in two hours or receive it at home in 24 hours", explained. "Two years ago the delivery time of a bulky product was 8 to 10 days, now it is 3 or 4 days," he added.
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