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Coop Trends In EuropeHans Dahlberg
National Conference on Cooperative Development in IndiaNew Dehli
December 2007
The list…
• Revenue almost 1 trillion USD
• Compared to last year (11% real growth ignoring currency fluctuations)
• Largely confirms total in first ranking
• Need a variety of ways of showcasing co-operative performance and achievements
(G10)The 10 Biggest Economies in the World
9831,124 1,106
1,7191,910
2,1132,197
4,672
2,800
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
USA Japan Germany UK France China Italy Spain Canada Global300
12,452
Cooperatives & mutuals are sustainable businesses…
Name Coun-try
Sector Year of establishment
Unive NL Insurance 1794Alte Leipziger Hallesche DE Insurance 1819Gothaer DE Insurance 1820Mobiliar CH Insurance 1826AGIS NL Insurance 1827MMA FR Insurance 1828Suedzucker DE Food & Agri 1837Liverpool Victoria UK Insurance 1843East Of England UK Consumer 1844Nationwide Building Society UK Banks 1848
… But …
# Cooperative Orig Sector Structure
Turnover (€)
Date Share Price (€m)
Initiative Deal motivation
1 Cebeco Group NL Sup&Mark Fed 3,911>623 Nov97 34/16% 68 Coop C: Injection need2 Sodiaal: Yoplait FR Dairy Fed 824 May02 50% 175? Coop C: Injection need3 Pro-Fac: Agrilink USA Fruit Prim 712 Aug02 56% 814 Coop C: Debt4 Nilza BR Dairy Fed 60 Nov04 55% ? Coop C: Debts5 Golden Circle AU Fruit Prim 220 Mar05 20% 27 Coop C: Debts6 Capsa ES Dairy Prim 686 Jan06 57% 300 PE-fund PE: Profitable?7 Fonterra NZ Dairy Prim 6,462 Sep06 0.4% 12 PE-fund PE: Profitable8 Aveve: Q-Bakeries BE Supply Prim 56 Oct06 100% ? Coop? C: Cash?9 SanCor AR Dairy Fed 404 Dec06 62.5% 91 PE-fund C: Debts
10 SWS IR Rural serv. Fed 31 Dec06 100% 110 PE-fund C: Cashing11 SunBeam AU Fruit Prim 132 Mar07 100% 64 PE-fund C: Cashing12 Tnuva IL Dairy Fed 1,023 Mar07 ±75% 769 CEO C: Cashing13 Ag Processing USA Arable Fed 1,840 Aug07 100% 662+42 PE-fund PE: Profitable14 Reox (DG): Breeo IR Dairy Prim 358 Sep07 100%? 150? PE-fund? PE: Profitable
Source: Onno van Bekkum (NICE), www.nyenrode.nl/nice
… Private equity has started the hunt!
G300 - % Of Turnover By Country
15% 15%
13%
6%
4% 4% 4%
3% 3% 3% 2% 2%2% 2%
1% 1% 1% 1% 0.5%0.4%0.3%0.2%0.2%0.2%0.1%0.1%
18%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%F
ranc
e
Japa
n
US
A
Ger
man
y
Net
herla
nds
Ital
y
UK
Sw
itzer
land
Kor
ea
Fin
land
Sw
eden
Spa
in
Can
ada
Den
mar
k
New
Zea
land
Nor
way
Bel
gium
Aus
tria
Irel
and
Indi
a
Bra
zil
Chi
na
Aus
tral
ia
Sin
gapo
re
Tai
wan
, C
hina
Isra
el
Por
tuga
l
G300 - Number of Coops By Country
67
55
32
2319
14149887765
33333222111110
10
20
30
40
50
60
70
80
US
A
Fra
nce
Ger
man
y
Ital
y
Net
her
lan
ds
Jap
anUK
Fin
lan
d
Can
ada
Sw
itze
rlan
d
Sw
eden
Sp
ain
New
Zea
lan
d
No
rway
Irel
and
Bel
giu
m
Den
mar
k
Ind
ia
Bra
zil
Au
stra
lia
Ko
rea
Sin
gap
ore
Isra
el
Au
stri
a
Ch
ina
Po
rtu
gal
Tai
wan
, C
hin
a
Insurance Sector By Country
1.69%1.89%2.26%2.73%4.02%
7.83%
13.19%
16.38%
20.72%
25.66%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
23% of G300
% Of Turnover : GDP14%
14%
10% 10%
8%
7% 7%
6%
5% 5%
4%
3% 2% 2% 2% 2% 2% 2% 2%1% 1%
3%3%
0%
2%
4%
6%
8%
10%
12%
14%
16%
New Z
eala
nd
Finl
and
Switzer
land
Nether
land
s
Fran
ce
Sweden
Denm
ark
Indi
a
Taiw
an, C
hina
Germ
any
Korea
Norway
Japan
Irela
nd Italy
Belgi
umSpa
in
Canad
a
Austri
a
Singa
pore UK
USA
Isra
el
Consumer Sector By Country
2.38%3.00%3.05%
4.80%
7.77%
10.91%11.49%
13.14%13.21%
19.42%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%
20.00%
Germ
any
USA
Franc
e UK
Switzer
land Ita
ly
Japa
n
Finla
nd
Nethe
rlands
Canad
a
26% of G300
Top 20
Ranking Name of the Coop Country Turnover %1 Edeka Zentrale AG Germany 15,660 6.21%2 Migros Switzerland 15,475 6.14%3 The Co-operative Group UK 12,726 5.05%4 Coop Swiss Switzerland 10,729 4.26%5 Coop Norden S&N&D 10,307 4.09%6 John Lewis Partnership PLC UK 9,172 3.64%7 ReWe Group (Zentral-AktiengesellschaFU)Germany 7,662 3.04%8 Wakefern Food Corp. USA 7,239 2.87%9 Edeka Minden eG Germany 5,688 2.26%
10 Edeka Südwest eG Germany 5,607 2.22%11 SOK Corporation Finland 5,027 1.99%12 Superunie Netherlands 4,944 1.96%13 Associated Wholesale Grocers USA 4,918 1.95%14 Système U Centrale Regionale Ouest France 4,506 1.79%15 Federated Co-operatives Limited Canada 4,070 1.61%16 Cooppérative d'Exploitation et de Répartition Pharmacieutiques de RouensFrance 3,916 1.55%17 Cooperativa Farmaceutica Española Spain 3,795 1.51%18 United Co-operatives Ltd UK 3,547 1.41%19 Edeka Nordbayern-Sachsen-Thüringen eGGermany 3,489 1.38%20 Ace Hardware USA 3,466 1.37%
Top 20 141,942 56%Total Sector 252,136
Global 300 - National 100 • Use Global 300 methodology to create national lists
• So far…..
– USA – a pioneer!
– The UK recently published their UK 100
– Netherlands has issued a provisional NL 100
– France will shortly release their first French 100
– The following countries/sectors have given in-principle support:
• Canada
• Singapore
• Australia
• ICMIF
• ICBA
• This represents approximately 60% of global list so far…..
• How to Do It Workshop on Tuesday 16th October…..
• Since, this workshop a global data group has met on Wednesday and started work on mapping existing databases and methodologies
CSR – methodologyfrom principles to practice…
• Development of draft measure of Corporate (Co-operative) Social Responsibility
• Reviewed existing CSR criteria
• CSR and annual reports
• The co-operative difference
CSR – some reflections
• CSR is increasingly being embraced by our corporate competitors
• Co-op principles in particular the ICA’s Statement of Co-operative Identity are the basis of most co-op operation throughout the world
• Co-ops driven by their values have in many ways been pioneers of socially responsible business
• However, the movement has not done all it could in measuring the co-operative difference
• It has allowed others to claim credit for “inventing “CSR”
CSR – some reflections
• Some of the best examples of CSR are to be found among the Global 300
• However, our preliminary research shows that co-ops are not reporting in a consistent way
• If anything, many are simply following the usual approach of their investor competitors
• This has led us to develop a “draft” CSR methodology
ICA’s Global 300 (draft) CSR approach
We are attempting to developed a measure which incorporates the best aspects of mainstream CSR reporting while taking account of the co-op difference
Coop. Group - UK
Key Facts• Sales Outlets• Sales Turnover• Profit• Market Share• Members• Employees• Patronage Refund
450011 billion GBP500 million GBP5 %4.5 million8750045 million GBP
Co-ordinate purchasing, membership focus and unified logo has resulted in a turn around and positive development. The largest consumer co-operative in the world created.
Coop Schweiz
Key Facts• Sales Outlets• Sales Turnover• Profit• Market Share
– Food– Non-food
• Members• Employees
15006.5 billion GBP138 million GBP
21 %10 %2.5 million45 500
Progressive top-down revolution created a one national consumer co-operative with a strong environmental profile.
S-group Finland
Key Facts• Sales Outlets• Sales Turnover• Profit• Market Share
– Food– Restaurants– Petrol & Oil
• Members• Employees• Patronage Refund
14007 billion GBP240 million GBP
35 %25 %18 %1.6 million34 000153 million GBP
Your own shop – a centrally managed retail chain with regional adjustment and a cost effective growth strategy.
Sistema Coop Italy
Key Facts• Sales Outlets• Sales Turnover• Profit• Market Share• Members• Employees
All 140 societies13008 billion GBP200 million GBP18 %6.2 million53 000
Top leading retail chain caring about: People, Society, Environment, Italian culture and Italian production... in order to cultivate an Italian model as an answer to the global challenges.
9 largest8607.3 billion GBP - -5.7 million46 000
Coop Sweden
Key Facts• Sales Outlets• Sales Turnover• Profit• Market Share• Members• Employees
15125.1 billion GBP53 million GBP21 %3 million17 000
Top leading retail chain with a vision to serve members in there endeavor for a sustainable life in a sustainable society.
A natural step
Demand, what is the member asking for ?
What can we deliver – our
ability & capacity
What position can and do we wish to have
Strategic Profile
Basis – consumer coops
The Coop
Member Society
Coop Concept
To act against deficiencies and meet needs by joint ownerships.
Basic Elements
•Deficiencies in society (motive).
•Member value (objective).
•Joint ownership (means).
Core Values
•Confidence in uniqueness, Influence, Care, Honesty, Vitality
Proposed Ideas
Create economic value and simultaneously contribute to a sustainable development for man & environment
Possible Status? 3 – 5 years
Profitable and value based retailing
Priceworthy sustainable products and services
Contribute to a sustainable development
Business & Financial Requirements
Member needs and usefulness
Community needs