GDANSK, Jan 12 (Reuters) - Polish convenience store chain Zabka Group ZAB.WA lifted fourth quarter sales to end customers by 14.2%, according to its preliminary results, helped by the opening of more stores.
WHY IT'S IMPORTANT
Zabka is one of the largest convenience store chains in Poland, with a market value of about 23.56 billion zlotys.
The company debuted on the Warsaw Stock Exchange in October 2024 and later joined the Polish blue-chip index WIG20 .WIG20
BY THE NUMBERS
The group's preliminary like-for-like (LfL) sales in Poland grew by 4.8% in the fourth quarter, the company said in a statement, a slowdown from a growth of 7.1% in the fourth quarter of 2024.
Fourth quarter sales to end customers totalled 7.87 billion zlotys ($2.18 billion).
The group opened 267 new stores in the fourth quarter and 1,394 in the full year, bringing its total network to 12,339.
OUTLOOK
The company reiterated its previous guidance, saying that it expects its full-year 2025 adjusted EBITDA (earnings before interest, tax, depreciation and amortisastion) margin to show a slight year-on-year improvement, towards the upper end of its 12-13% target range.
($1 = 3.6055 zlotys)
(Reporting by Rafal Nowak; Editing by Matt Scuffham)
((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))