Net loss for Slovenia's Mercator

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Carl Collen

BY CARL COLLEN

Net loss for Slovenia's Mercator

First half ends in loss of €16.5m after impact of consumer uncertainty, rising fuel costs and exchange rate fluctuations

Net loss for Slovenia's Mercator

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Mercator has revealed that it slipped to a loss in the first half of the year as a number of factors impacted on its performance.

The group registered a net loss of €16.5m during the six-month period, while earnings before interest, taxation, depreciation and amortisation slipped by 26 per cent year-on-year.

According to Planet Retail, results were hit by the challenging economic economy, consumer uncertainty, higher fuel prices and exchange rate fluctuations, with poor performances in Croatia, Bulgaria and Albania in particular.

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