Slovenia's Mercator Group Sees First Retail Revenue Growth Since 2011
Slovenian retailer Mercator Group ended 2017 with a net loss of €184 million, but recorded a growth of net retail revenue to €1.6 billion (+2.5%), the first retail growth since 2011. In the same period, EBITDA increased 145.4% to €90.6 million.
Although one-off events and real estate revaluation adjustments had a significant impact, performance results have improved from the previous financial year. Without the negative non-recurring events, the group wrapped up last year with a profit of €6 million, compared to a loss of €31 million in 2016.
Store Network Refurbishments
The retailer was intensively focused on refurbishing the retail network in 2017. In Slovenia, one new store was opened and 100 existing ones refurbished; in Serbia, 12 retail units were opened and 36 refurbished, while in Montenegro there were eight new openings and 26 refurbishments. In 2017, Mercator re-entered the market of Bosnia and Herzegovina, following the rebranding of Konzum stores.
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