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Retail

Online Grocer Rohlik Posts 53% Rise In Revenue As Expansion Builds

Rohlik Group posted a 53% year-on-year rise in net revenue to €490 million in its most recent financial year, the company said, as the Czech-based online grocery delivery firm builds on a European expansion push.

The group, founded in 2014 by entrepreneur Tomáš Čupr, will end its fiscal year to April with more than €1 million, it said, after launching operations in Germany last year, adding to existing markets in the Czech Republic, Austria and Hungary.

Entering New Markets

It plans to commence operations in Italy, Romania and Spain in 2022, as well as to further expand in Germany.

Rohlik, like other online grocery or delivery groups, has benefitted from the faster shift to online shopping brought by the COVID pandemic, while it has also boosted fundraising and investments into automation at its centres to aid expansion.

No Post-Pandemic Slowdown

"We are pleased not to see a post-pandemic softening or a slowdown in growth," Čupr said.

"Not only is our core Czech market EBITDA profitable since 2018, all of our four existing markets are on a path to be contribution profitable in the upcoming fiscal year," he said, referring to earnings before interest, tax, depreciation and amortisation.

Rohlik raised €100 million in its last fundraising round, led by Index Ventures, in July last year, which valued the firm at €1 billion.

It has said it planned hundreds of millions of euros in investments in the coming years to support growth. That includes a €45 million investment in 2022 to automate distribution centres in Munich, Hamburg and Prague.

Rohlik delivered 200 million items to customers in the past year, it said, and the average order value in western Europe topped €85.

News by Reuters, edited by ESM – your source for the latest technology news. Click subscribe to sign up to ESM: European Supermarket Magazine.

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