Brief: Eurocash Prelim. Q1 EBITDA At 139 Mln Zlotys, Down 16% Y/Y

Eurocash SA

19/04/2024 05:57

April 19 (Reuters) - Eurocash SA  EUR.WA :
    * REPORTS ITS PRELIMINARY Q1 2024 FINANCIAL RESULTS
    * PRELIMINARY Q1 SALES REVENUE AT 7.59 BLN ZLOTYS VS 7.59
BLN
ZLOTYS YR AGO
    * PRELIMINARY Q1 EBITDA AT 139 MLN ZLOTYS VS 165 MLN ZLOTYS
YR AGO
(DOWN 16% YOY)
    * THE LOW DYNAMICS OF SALES GROWTH WAS INFLUENCED, AMONG
OTHERS,
BY THE DECLINE IN PRICE DYNAMICS OF FOOD
    * ESTIMATED EBITDA WAS INFLUENCED, AMONG OTHERS, BY EFFECT
OF
INCREASING THE MINIMUM WAGE FROM EARLY 2024 AND ONE-OFF COSTS
RELATED TO EMPLOYMENT RESTRUCTURING INCURRED IN Q1 2024, WHICH
AMOUNTED TO 11 MILLION ZLOTYS

        
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