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Maxima Grupė Posts 4.2% Increase In Turnover In Full Year 2017

Published on May 11 2018 8:00 AM in Retail tagged: Featured Post / Poland / Bulgaria / Lithuania / Estonia / Maxima Grupė / T-Market / Paywall

Maxima Grupė Posts 4.2% Increase In Turnover In Full Year 2017

Lithuania-based Maxima Grupė has posted a 4.2% increase in group turnover to €2.8 billion for full year 2017, an increase of 4.2% on the previous year.

Consolidated net profit for the full year stood at €75 million, and the business invested around €70 million in capital expenditure last year, largely to upgrade its store portfolio, as well as open new outlets.

“Stable earnings growth has allowed the group to focus on expanding its operations by opening new stores and renovating old ones, improving customer service, and installing modern in-store solutions," commented Dalius Misiūnas, chairman of the board and CEO of Maxima Grupė.

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