Central & Eastern Europe news & analysis

20 January 2013
Ukrainian supermarket chain, EKO Market achieved substantial growth in 2012 24.5% increase in turnover In 2012 EKO achieved a 24.5% sales increase compared to 2011, generating sales of US $3.75bn. The retailer opened 20 new supermarkets during the year which will have encouraged such a positive performance. Expansion in 2013 Alexander Ferenets, EKO Managing Director, has announced t...
18 January 2013
Romania-based Profi has announced plans to open 45 stores in 2013 following strong growth in 2012 that saw total sales rise by 29% and by 7.5% in like-for-like terms. Good growth in 2012 Profi said that it added 41 stores in 2012, taking its network to 149 by the end of the year. The pace of store openings helped to drive sales growth at the company and saw it generate revenues of RON1.0 bill...
17 January 2013
Sales at Scandinavian retailer ICA grew by a modest 0.3% in Q4, with net revenues of SEK 25m in the period. Adjusted for the divested Norwegian ICA Maxi stores, reported figures show growth of 3.6%. Full year performance Year-on-year revenues at Ahold affiliated ICA grew by 1.8% to 96.9m SEK in 2012. Adjusted figures allowing for the disposal of ICA Maxi stores in Norway  show growth of ...
17 January 2013
Netherlands-based Ahold has said in a trading statement that net sales rose by 5.1% in its fourth quarter, at constant exchange rates, to reach €7.8 billion. Strong performance seen in Netherlands and US The company said that in the US , during the fourth quarter, sales were up by 4.3%, in dollar terms, to reach US$6.1 billion (€4.7 billion). Comparable sales were up by 2.8%. At Ahold USA ...
17 January 2013
Delhaize Group has reported revenue growth of 2.9% at €22.7bn for the full year 2012, with mixed performance across international markets. Preliminary operating profit is reported to have declined by 17.5% in line with guidance. Domestic performance improving Having had a difficult year, Delhaize saw revenues in Belgium grow by 2.4% in Q4, and full year revenues increased by 1.6% to €4.9bn....
16 January 2013
Zabka has announced that it will add a further 400 stores in 2013 as part of its aim to operate 5,000 in the country by the end of 2017, up from 3,000 at the end of 2012. Company to expand organically and through acquisitions To meet its target in 2013, Zabka said it would invest PLN1.5 billion in adding new stores under both the Zabka and Freshmarket brands. Expansion will come about both th...
16 January 2013
Metro Group has reported sales growth of 1.2% to €66.7bn for the full year 2012, delivering earnings in line with its revised guidance of €2bn. Christmas trading "satisfactory" Q4 saw a slow start to Christmas trading, but momentum gained towards the end of the year and Metro has described the result as "satisfactory", particularly at Media-Saturn which saw sales grow by 1.3% during the pe...
14 January 2013
X5 Retail Group has announced its preliminary sales results for 2012, amidst further management changes. Three key management changes At last week’s Board Meeting, the acting CEO Stephan DuCharme was made statutory CEO, subject to approval at the AGM in April. Kieran Balfe, X5’s CFO handed his resignation in, effective as of March 2013 and Sergey Piven will become the new CFO, having pr...
14 January 2013
Metro Group has announced plans to double the number of franchise stores it operates under the La Doi Pasi banner in Romania. Ambitious growth plans Developed by Metro as a franchise scheme to support traditional retailers, La Doi Pasi became the largest network of neighbourhood stores in Romania in 2012.  The retailer currently operates c.500 stores in the region, and has stated its amb...
11 January 2013
Portugal-based Jerónimo Martins has announced that preliminary sales for 2012 saying that group sales had risen by 10.5% to €10.9 billion. Biedronka remains engine of sales growth in 2012 The company said that ‘Biedronka had another strong year’, aided by the addition of 263 stores and like-for-like growth of 6.4%. Although the market environment weakened over the course of 2012, with the pac...