ASAIYRetail-Grocery StoresIFRS · EUR

Sendas Distributor S.A.

Sendas Distribuidora S.A., which uses the English name Sendas Distributor S.A., operates the Assaí wholesale grocery format in Brazil. The business sells food and everyday consumer goods through large-format cash-and-carry stores that serve both individual shoppers and business customers.

Liikevaihto76,7mrd EUR
+3,9 %v/v
Liikevoitto (EBIT)4 588milj. EUR
+16,5 %v/v
EBIT-marginaali6,0%
+0,6 %-yks.v/v
Nettotulos918milj. EUR
+19,4 %v/v
Vapaa kassavirta4 916milj. EUR
+51,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

020406080mrd EUR2021: 41,9 mrd EUR2021: EBIT 2,7 mrd EUR20212022: 54,5 mrd EUR2022: EBIT 2,7 mrd EUR20222023: 66,5 mrd EUR2023: EBIT 3,2 mrd EUR20232024: 73,8 mrd EUR2024: EBIT 3,9 mrd EUR20242025: 76,7 mrd EUR2025: EBIT 4,6 mrd EUR202576,74,6
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Cash-and-carry grocery80 %

Large-format warehouse stores selling food and everyday essentials in bulk or case sizes.

Fresh and refrigerated foods10 %

Perishables including meat, dairy, produce, and chilled grocery items.

Household and personal care7 %

Non-food staples such as cleaning products, hygiene items, and paper goods.

Miscellaneous retail goods3 %

Other consumer items sold through stores to complement the core grocery basket.

Asiakkaat

Assaí serves a mix of households, small business owners, and resale-oriented buyers who shop in bulk to obtain lower per-unit prices. The format is also used by neighborhood retailers, food service operators, and independent merchants that need frequent replenishment and broad grocery assortment.

Households

Individual shoppers buying groceries and household staples at value prices for personal consumption.

Small retailers and resellers

Corner stores, small grocers, and informal resellers buying in bulk to restock inventory.

Food service operators

Restaurants, snack bars, and catering buyers purchasing frequent replenishment items.

Independent businesses

Other small enterprises buying mixed grocery and non-food goods for operating needs.

Strategia

The company’s strategic position is built around a low-price, high-volume cash-and-carry model that attracts both household and business traffic. Its priorities typically center on expanding store reach, improving assortment availability, and strengthening value perception in a market where price sensitivity is a core buying driver.

Store expansion and network densityKeskipitkä aikaväli

More stores improve market coverage, convenience, and purchasing leverage.

Value leadershipLyhyt aikaväli

A clear price advantage is central to attracting both households and resellers.

Assortment and availabilityLyhyt aikaväli

Reliable stock levels and broad staple selection support repeat visits and basket size.

Maantiede

The company is headquartered in Rio de Janeiro, Brazil and its operating base is in the Brazilian market. Its business is tied to Brazil’s consumer demand, logistics network, and regional store footprint, which shape sourcing, distribution, and customer traffic patterns.

Riskit

As a grocery retailer, the company is exposed to food inflation, wage and logistics pressure, and intense price competition, all of which can affect customer traffic and basket mix. Its Brazil concentration also creates exposure to local macroeconomic conditions, consumer purchasing power, and regulatory or tax changes that can influence store economics.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Brazil macroeconomic exposure1Intense grocery price competition2Consumer purchasing power pressure3Supply chain and logistics disruption4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Brazil macroeconomic exposureVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue and demand depend heavily on Brazilian consumer spending and inflation.

    Kohdistuu: Brazil

  2. Intense grocery price competitionVaikutus: KorkeaTodennäköisyys: Korkea

    The cash-and-carry model relies on price perception and high volume.

    Kohdistuu: Retail grocery

  3. Consumer purchasing power pressureVaikutus: KeskitasoTodennäköisyys: Korkea

    Lower-income shoppers and small businesses may trade down or reduce volumes in weak periods.

    Kohdistuu: Value retail

  4. Supply chain and logistics disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Store availability and freshness depend on efficient distribution and replenishment.

    Kohdistuu: Store network

Kirjanpito

Harkinnanvaraiset erät
Inventory and shrinkage

Perishable and fast-moving retail inventory requires close valuation and loss tracking.

Vaikutus: Affects gross margin and working capital

Supplier rebates and allowances

Retail purchasing terms can materially reduce net cost of goods sold.

Vaikutus: Affects reported revenue netting or cost of sales depending on classification

Lease accounting

Large store networks usually involve long-duration property leases.

Vaikutus: Affects assets, liabilities, depreciation, and interest expense

Seasonality and promotions

Retail sales can shift around holidays and promotional periods.

Vaikutus: Affects quarterly revenue and margin comparability

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026