Croatian Retail Sector Posted 6.4% Growth In 2016: FINA Data
The Croatian retail sector grew by 6.4% on an annual basis, ending 2016 with revenues of HRK 40.4 billion (€5.4 billion).
According to data from the Croatian firm Financial Agency (FINA), the sector achieved overall profits of HRK 433.0 million (€58.4 million), an increase of 45.0% compared to 2015, with 66.8% of the 3,010 companies in the sector seen as profitable.
Lidl Hrvatska led the pack, with revenue amounting to HRK 4 billion (€539.5 million) and accounting for 9.9% of the market. The German retailer was also the most profitable, ending the year with a profit of HRK 242.3 million (€32.7 million), compared to HRK 185.4 million (€25 million) in 2015.
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!