Get the app today! Download iPhone App Download Android App

Agrokor’s Retail Activities Remain In the Red In Q1

Published on May 17 2018 12:58 PM in Retail tagged: Trending Posts / Croatia / Agrokor / Konzum / Bosnia and Herzegovina / Paywall

Agrokor’s Retail Activities Remain In the Red In Q1

Croatian food and retail consortium Agrokor reported an increase in profits in its food and agriculture segments during the first quarter of 2018, while the group's retail and wholesale sectors remained in the red.

According to the Extraordinary Administration Report for the period from 11 April to 10 May, Agrokor's retail and wholesale sector achieved HRK 2.87 billion (€388.6 million) in sales revenue in the first three months of its financial year, with EBITDA margin negative at 0.1%.

Although lower-than-planned revenues were generated in the period, an Easter boost helped lift revenues in Konzum retail stores in Croatia and Bosnia and Herzegovina during the month of March.

please subscribe or sign in to continue reading

image description

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!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email