Grocery profitability outlook –Europe

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list/bullet: 3. New diabetes and obesity drugs (GLP-1): Households with GLP-1 drug users cut overall grocery spending by ~6-11%. With users potentially reaching ~4-9% of the EU population by 2029, this could result in fu

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EBITDA margin margin_return · 5-10pp

Over te next 5 years, macroeconomic and industry dynamics will continue to put pressure on grocers' margins, especially for hyper/supermarkets

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The slide uses a two-column layout to present six distinct drivers of margin pressure.