Poland-based Eurocash has announced first quarter results, saying that it had benefited from revenue growth of 3.5%, compared to the same period in 2012. During the three month period the company said it generated sales of PLN3,863.9 million (€932.0 million).
Cash and carry division drives revenue growth
For the period between January and March 2013 the company said that its cash and carry division enjoyed sales growth of 14.9%, to reach PLN992.8 million (€239.5 million), aided by like-for-like growth of 8.1%. The retailer said that like-for-like sales would have been higher, at 8.5%, if tobacco and phone cards had been excluded. Eurocash said that sales to abc affiliated stores rose by 14.7%, underlining the strength of the brand in the market.
The company reported that Delikatesy Centrum and Tobacco + Impulse, also enjoyed good sales growth, at 10.5% and 7.5% respectively. Delikatesy Centrum benefited from like-for-like sales growth of 0.9% and the addition of 26 new stores to its network, while Tobacco + Impulse was driven by additional sales of tobacco and cigarettes to petrol forecourts.
But growth was not seen across all divisions
However, Eurocash said that sales contracted at three divisions: Alcohol distribution, by 2%, Eurocash Dystrybucja, by 8.9%, and at Tradis, by 5.6%. However, the retailer noted that some of the fall in sales was due to the integration of various businesses within the Eurocash group, which had seen sales move to other divisions.