Poland's Eurocash Group Sees Sales Rise In Both Retail And Wholesale Divisions
Polish wholesaler Eurocash Group has posted a 7.5% increase in sales in the first quarter of 2018, to PLN 5 billion (€1.17 billion).
The group said that its quarterly performance was driven by a 7.2% increase in sales in its wholesale division, as well as an 8% increase in its retail arm, which also includes fresh produce distribution.
"Our result is all the more meaningful due to the fact that it is not driven by acquisitions but rather mainly by organic growth in the wholesale segment," commented Jacek Owczarek, CFO and member of Eurocash Group’s management board.
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