Spanish retailer Mercadona is to increase its capital expenditure this year as it continues to expand.

The company, which saw sales and profits increase in 2011, plans to spend EUR600m (US$785.6m) on opening new stores, revamping existing outlets and on its logistics network this year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Mercadona, which has over 1,350 supermarkets in Spain, wants to open 60 stores this year. It is also looking to invest in its logistics infrastructure in Guadix and Abrera.

Last year, the retailer spent EUR540m on opening 60 outlets, revamping 39 supermarkets and completing a logistics site in Villadangos del Páramo. It closed 14 outlets, leaving it with 1,356 stores.

Mercadona reported a 19% in net profit to EUR474m. EBITDA was up 4% at EUR1.04bn. Turnover increased 8% to EUR17.83bn.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now