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Spain's Eroski Posts €2.8m Profit In H1

Published on Oct 4 2016 12:10 PM in Retail tagged: Trending Posts / Eroski / recovery / Spanish Retail / ESM Magazine

Spain's Eroski Posts €2.8m Profit In H1

Spanish retailer Eroski closed the first half of 2016 with a net profit of €2.8 million, thanks, largely, to the company's competitiveness strategy.

The retailer said that its operating income rose by 45% during the period, to €54 million.

In the first half of the year, Eroski has sought to boost its transformation, with an investment of €45 million towards refurbishing its stores and boosting its IT equipment.

During this period, the company opened 44 franchised supermarkets, which accounted for an investment of €6.6 million and 625 new jobs. Eroski also reduced its debt by €196 million.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.

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