Eurocash had PLN 269.73 million of EBITDA profit, PLN 95.18 million of EBIT profit in Q4 2021

Eurocash recorded PLN 269.73 million of consolidated EBITDA in Q4 2021 compared to PLN 223.52 million profit a year earlier, the company said in the report.

In mid-March this year. Eurocash, presenting preliminary estimates, reported that in Q4 2021 it recorded PLN 269.7 million of consolidated EBITDA with PLN 6,873 million of revenues.

The group's operating profit was in Q4 last year. PLN 95.18m vs. PLN 82.05m profit a year earlier, the report said.

In the whole of 2021, the company had PLN 113.57 million of consolidated net loss attributable to the shareholders of the parent company compared to PLN 43.1 million of profit a year earlier, with sales revenues of PLN 26,281.43 million compared to PLN 25,398.6 PLN million a year earlier.

“The year 2021 has turned out to be extremely demanding for independent retailers who are the main customers of the Eurocash Group. Consumers, thrown out of their daily routine by lockdowns and remote work, and worried about the physical and financial consequences of the pandemic, adjusted their purchasing behavior accordingly, preferring less frequent and larger purchases. Consequently, we saw a general shift of consumers from the stand-alone market to discounters. We felt it clearly in our own stores, where the impact of the pandemic overlapped with the ongoing and longer than expected integration of Mila stores with the Delikatesy Centrum chain. This required tough decisions, such as the closure of the 50 most-hit stores, to concentrate efforts on developing the rest of the chain. That is why we are relieved to see that these decisions are bearing the first fruits, ”said president Paweł Surówka, quoted in the press release.

Eurocash Group is the largest Polish company dealing in wholesale distribution of fast-moving food products, household chemicals, alcohol and tobacco products. It also offers marketing support for independent Polish 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, Euro Sklep, Gama, Duży Ben, as well as Kontigo and Koliber. The company has been listed on the WSE since 2005.

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