The revenues of the Grupa Eurocash in the third quarter of 2020 exceeded PLN 7 billion (Eur 1,56 billion) (5% higher than in the corresponding period of the previous year), the net profit reached almost PLN 37 million (Eur 8.25 million).
- Sales in the wholesale segment increased by over 3% y / y
- in the retail segment - by nearly 4% y / y.
-The revenues of the Projects segment increased by as much as 268%, which results from the consolidation of 100% of Frisco.pl results starting from July this year and the expansion of innovative retail concepts developed by the Group.
Consolidated EBITDA (i.e. operating profit increased by depreciation) in the third quarter of this year amounted to PLN 225 million (Eur 50.2 million), which means an increase by almost 3% compared to the same period of 2019.
The sales of the Grupa Eurocash wholesale segment in the III quarter of 2020 reached PLN 5.26 billion (+ 3.4% y / y), and the segment's EBITDA amounted to PLN 185 million (+ 7.4% y / y).
Already over 30% of sales realized through #eurocash.pl
"Wholesale revenues were strongly supported by sales to independent stores and franchisees, as well as a increase in the sales of cigarettes and impulse products. These increases more than compensated for lower sales in the #EurocashGastronomia format, which supplies restaurants and hotels strongly affected by the epidemic, as well as a decrease resulting from the contract with Orlen ended last year", - indicated Jacek Owczarek, member of the management board and CFO of Eurocash Group.
"The III quarter was also another in a row in which we recorded record sales via the eurocash.pl platform. On-line orders already accounted for 31% of total sales in the wholesale segment (not including the Cash & Carry format). Customers appreciate eurocash.pl for, among other things, the convenience and speed of orders", - emphasized J. Owczarek.
Sales realized by the Grupa Eurocash in the retail segment in the third quarter of this year amounted to PLN 1.58 billion (+ 3.5% y / y), and the segment's EBITDA was over PLN 76 million (compared to PLN 79 million a year ago).
- The growth in retail revenues was mainly driven by sales by #DelikatesyCentrum franchise stores
- #InmedioPress outlets also recorded a significant increase, as they rebuilt sales in the third quarter after a period of restrictions in the operation of shopping centers, binding from March to May
- This year is a period of further integration of the supermarket chains acquired in earlier years with Delikatesy Centrum
- An important event of the past quarter was the preparation for the launch of the "click & collect" service at Delikatesy Centrum, thanks to which consumers can order purchases online and then pick them up at a selected outlet. This service is available in over 1.2 thousand. supermarkets all over Poland, and the on-line offer of Delikatesy Centrum includes about 6.7 thousand. products
Sales of the Grupa Eurocash Projects segment in the III quarter of 2020 exceeded PLN 100 million and was 268% higher than in the corresponding period of 2019.
Growth in all formats:
- Revenues of Frisco.pl in the third quarter amounted to over PLN 50 million and were more than twice as high as in the third quarter of 2019. This level of sales means that Frisco reaches the break-even point at the operating result (EBIT) level.
- In the third quarter of this year all innovative retail concepts developed by the #EurocashGroup also increased sales: Duży Ben (alcoholic beverages + snacks, accessories for serving alcohol drinks) (+ 111% y / y), #ABCnaKołach (shops on wheels) (+ 108% y / y) and #Kontigo (cosmetics) (+ 46% y / y), which is related to expansion of these networks.
The Grupa Eurocash is the largest Polish company dealing in the wholesale distribution of fast-moving food products, household chemicals, alcohol and tobacco products, as well as marketing support for independent entrepreneurs operating in retail. The franchise and partner networks supported by Eurocash associate approximately 16,000 independent stores operating under brands such as #abc, Groszek, Delikatesy Centrum, #Lewiatan , #EuroSklep, #Gama , Duży Ben and #Kontigo.
Duży Ben: https://www.duzyben.pl/onas
ABC na Kołach: https://www.abcnakolach.pl/