Slovenia's Mercator Group Sees Turnover, EBITDA Up
Slovenia’s Mercator Group has reported a 5.4% annual increase in retail revenue in the first nine months of 2018, to €1.2 billion.
In the same period, EBITDA at the business reached €86.8 million (+24.7%), while EBIT more than doubled (+157%) to €35.8 million. The company ended the nine month period with a net profit of €8.9 million, compared to a net loss of €10.5 million a year earlier.
According to the retailer, the positive performance is due to the implementation of a new strategy, new store concepts, store refurbishments, and improved competitiveness of the retailer’s services.
In Slovenia (56.3% of total revenue), which remains the most important market for Mercator Group, retail revenue rose by 0.5% year-on-year.
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!