Mercator forecasts net profit drop

The international marketing magazine for fresh produce buyers in Europe
Carl Collen

BY CARL COLLEN

Mercator forecasts net profit drop

Country's largest grocery retailer sees profit fall in 2011 and expects further reductions next year

Mercator forecasts net profit drop

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Slovenian retailer Mercator has announced that it expects its profit levels in 2012 to follow a similar pattern to 2011, when they declined 21.6 per cent to €23.8m.

For the upcoming 12 months, the grocery retailer said that it forecasts net profit will drop 34 per cent to €15.7m.

Sales last year actually rose 5.4 per cent year-on-year to €2.9bn, while the forecast for 2012 is sales growth of 3.3 per cent to €3bn.

"After a difficult third quarter of 2011, business conditions worsened further in the fourth quarter," the group said in a statement. "Forecasts show that such conditions will also continue also in 2012 in the whole of southeastern Europe."

 

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