Slovenia’s Mercator Group has reported a 5.4% annual increase in retail revenue in the first nine months of 2018, to €1.2 billion.
In the same period, EBITDA at the business reached €86.8 million (+24.7%), while EBIT more than doubled (+157%) to €35.8 million. The company ended the nine month period with a net profit of €8.9 million, compared to a net loss of €10.5 million a year earlier.
According to the retailer, the positive performance is due to the implementation of a new strategy, new store concepts, store refurbishments, and improved competitiveness of the retailer’s services.
