Brief: Eurocash Q2 Net Result Turns to Loss of 97.4 Mln Zlotys

Eurocash SA

25/08/2021 07:11

Aug 25 (Reuters) - Eurocash  EUR.WA :
    * REPORTS Q2 NET LOSS OF 97.4 MILLION ZLOTYS VS PROFIT OF
41.1
MILLION ZLOTYS YEAR AGO
    * Q2 REVENUE 6.55 BILLION ZLOTYS VERSUS 6.20 BILLION ZLOTYS
YEAR
AGO
    * Q2 EBITDA 86.7 MILLION ZLOTYS VERSUS 210.5 MILLION ZLOTYS
YEAR
AGO
    * Q2 CONSOLIDATED GROSS MARGIN FOR SALES AT 12,57%, DOWN
1,02 P.P.
    * THE REPORTED RESULTS WERE SIGNIFICANTLY INFLUENCED BY
WEAKER
RESULTS OF EUROCASH'S OWN DELIKATESY CENTRUM STORES AND A PLN 80
MILLION WRITE-OFF RECOGNISED IN THE SECOND QUARTER OF THIS YEAR
IN CONNECTION WITH THE PLANNED SHUT-DOWN OF 59 OWN LOCATIONS
    * IN WHOLESALE SEGMENT, EUROCASH GROUP RECORDED A 5.1% Y/Y
INCREASE IN EBITDA IN H1 TO 288.2 MILLION ZLOTYS, AND SALES
GROWTH OF 0.3% Y/Y TO 9.04 BILLION ZLOTYS
    * EXTERNAL SALES IN THE RETAIL SEGMENT IN THE FIRST HALF OF
2021
SLIGHTLY SURPASSED 3.0 BILLION ZLOTYS, DENOTING A 1.5% Y/Y
INCREASE
    * THE SEGMENT'S EBITDA CAME TO -5.4 MILLION ZLOTYS, COMPARED
TO
+81.7 MILLION ZLOTYS IN THE PRECEDING YEAR
    * H1 SALES OF ONLINE SUPERMARKET FRISCO AT 137.6 MILLION
ZLOTYS 

    
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