Poland's Eurocash swings to Q2 profit supported by cost cuts
Poland's Eurocash swings to Q2 profit supported by cost cuts Aug 27 (Reuters) - Polish retailer Eurocash EUR.WA reported a second-quarter net profit of 1.3 million zlotys ($351,500) on Thursday, reversing a year-ago loss of 13.5 million zlotys, after it unveiled a major cost-cutting push in December.
The company said an escalation in the Middle East conflict could drive up inflation and worsen consumer sentiment in Poland, but added its board was monitoring the geopolitical situation and energy supply disruptions to minimize any negative impact on Eurocash's operations.
Consolidated quarterly sales fell 8.7% from a year ago to 7.20 billion zlotys
Q2 EBITDA fell to 201.6 million zlotys from 229.5 million zlotys a year earlier
Eurocash's 2026-2027 strategy combines a major cost-cutting drive with a long-term shift to an integrated franchise operator under its new STĄD brand
($1 = 3.6985 zlotys)
(Reporting by Marta Maciag, editing by Milla Nissi-Prussak)
((marta.maciag@thomsonreuters.com))