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Mercator doubled its business performance compared to the year before



November 23, 2018. 15:22 |

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Business system Merkator d.d. also achieved a positive EBITDA with a growth of 3.5 percent, compared with a year earlier

In the first nine months of 2018, sales Mercator Groups are raised for 5.4 percent inside compared to the same period of the previous year, while EBITDA reached EUR 86.8 million, ie 24.7 per cent more than a year earlier. The operating result in the first nine months more than doubled and amounts to EUR 35.8 million, which is EUR 21.8 million better than the results in the same period of the previous year. Business system Mercator dd also posted a positive EBITDA with a growth of 3.5 per cent, compared with the year before.

Parent company Mercator Group achieved a net profit of 8.9 million euros in the first nine months of 2018, which is 19.4 million euros more than the result achieved in the same period of the previous year. "Operating income has improved considerably and amounts to 35.8 million euros for the first nine months of 2018, an increase of 21.8 million euros compared to the same period last year. Mercator the group generated EUR 1,617.3 million in sales, which is more than 1.6 per cent"Said Tomislav Čizmić, chairman of the board of directors Mercator groups.

The growth of the company's profits is the result of a new development strategy, the introduction of new concepts of facilities and an improved competitiveness of services in the core activities, in the retail sector, making it 78.7 per cent of total revenue. Excellent operating results have contributed to debt reduction Mercator to EUR 738.3 million, which is 11.2 per cent or 93.3 million euros less than the debt recorded in the same period of 2017.

Slovenia and Serbia, where the Group recorded revenue growth of 0.8 per centor 1.1 per cent, compared with last year, the most important business markets remain Mercator groups.

Mercator It continues to focus on consumer needs, a modern sales environment in a large number of locations, an improved and enriched offering of daily consumer products and strengthening relationships with local and regional suppliers, with the aim of local and regional development.

(PR)


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