Polish wholesaler Eurocash has reported a 1% increase in consolidated sales in the third quarter of its financial year, to PLN 7.03 billion (€1.52 billion).
The group said that sales in its wholesale segment came in at PLN 5.26 billion (€1.14 billion), approximately the same level as last year, while in its retail segment, sales increased by more than 2%.
Consolidated EBITDA for the period was PLN 236 million, which is an increase of 5% on the same period last year, boosted by greater profitability in its wholesale division.
“The third quarter of this year, like the second quarter, was a difficult period for small stores, which was reflected in the decline in sales at cash & carry wholesalers,” commented Jacek Owczarek, financial director at Eurocash Group.
“We achieved higher sales in the Eurocash Dystrybucja format, i.e. in the business targeted at larger stores. The progressive digitisation of our business has translated into further improvement in profitability in our wholesale division.”
Owczarek added that more than two thirds of sales (43%) in its wholesale division are now carried out via the eurocash.pl platform.