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Spain's Eroski Posts Profits Of €14.8m In First Half

Published on Oct 31 2018 12:34 PM in Retail tagged: Featured Post / Spain / Eroski / Caprabo / Paywall

Spain's Eroski Posts Profits Of €14.8m In First Half

Spanish retailer Eroski has posted profits of €14.8 million for the first half of its financial year.

The group posted revenue of €2.31 billion for the period, boosted by an increase in sales in the Basque Country, Navarre, Galicia and the Balearic Islands; the most recent regions in which the retailer's 'Contigo' business model has been rolled out.

The group invested around €38 million in its estate during the period, with some 52 supermarkets being remodelled and 26 new stores opening: two company-owned outlets, 20 franchise operations, three sports stores and a gas station.

The group said that as a result of these new openings, and the ongoing transformation of stores to the 'Contigo' model, it has created 203 new jobs since the start of its financial year.

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