Musgrave Group sees revenue and profit grow steadily despite rising costs and inflation

Group’s foodservice sector saw a huge growth over the year

The SuperValu owner saw revenues increase to €4.7bn during 2022 as profit margins remained under "significant pressure". 

Despite soaring operational costs and rising inflation, Cork-headquartered Musgrave Group saw revenue grow steadily last year with profits after tax reaching nearly €100m.

In its recently published annual report for 2022 and financial statements, the SuperValu and Centra owner said its results for the year were “solid” but margins were under “significant pressure”.