Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Delhaize Emerges As Serbia's Top Retailer In 2018: Report

Delhaize Serbia has emerged on top of the Serbian retail market in terms of revenue and profit in 2018, according to a report published by local daily Tabloid.

Based on official company figures, the report reveals that the retailer ended the year with a turnover of RSD 100.5 billion (€850 million) and a net profit of €22.5 million, compared to €39.2 million in 2017.

Mercator-S, owned by Slovenian retailer Mercator, emerged in the second position, with a turnover of RSD 84 billion (€711 million) and a net loss of €14 million. 

The company operates three banners in Serbia - Idea supermarkets, Roda mega markets, and Mercator hypermarkets.

Germany’s Metro Cash & Carry generated a turnover of RSD 26.5 billion (€224 million), but ended the year with a net loss of €184,000, the report said. 

Local hypermarket chain DIS posted a total turnover of RSD 20.7 billion (€175 million), up 10.6% year-on-year, with a net loss of RSD 39.6 million (€335.000).

Serbian supermarket chain Aman, owned by Jordanian-born Nedal Khalil, reported revenues of RSD 19.6 billion (€166 million), up 3.2% on the previous year. 

Its net profit amounted to RSD 420 million (€3.55 million), down from RSD 477 million in 2017.

Novi Sad-based Univerexport saw a turnover of RSD 18.8 billion (€159 million), up 11.2%, with a net profit of RSD 30 million (E255.000).

Lidl Srbija, which started operations in the fourth quarter of 2018, posted total sales of €97 million and a net loss of €46.6 million, mainly due to the opening of stores and purchase of real estate.

Local discounter Quattro Diskont posted sales of €59.2 million and a net profit of €1.1 million.

Greek retailer Veropoulos saw a 4.6% growth in annual sales to RSD 5.6 billion (€47.7 million), while net profit dropped from €350 million to €300 million in the period.

Montenegrin retailer Domaća trgovina, which operates in Montenegro and Serbia with supermarket chain Aroma Market, reported sales of €41.7 million and a net loss of €673.000 (€1.1 million in 2017).

The retail segment contributed to 19.32% of the Serbian economy in 2018. 

The total profit of the retail trade in Serbia reached RSD 81.8 billion (€692 million), representing an ROI of 11.89%.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days