Croatia's Fortenova Group Sees Retail & Wholesale, Food Sales Down In H1
Croatian business conglomerate Fortenova Group said that net sales revenues in its Retail & Wholesale division fell by 3.9% in the first half of the year, while its Food arm saw a 8.3% decrease in sales.
However, EBITDA in its retail arm, which includes the Konzum chain, grew by HRK 37 million (€4.92 million), the group said, booted by a strong start to the year and the introduction of measures taken to adjust its operations due to COVID-19.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!