Metro Cash & Carry was the strongest performer in the retail and wholesale market in Croatia in 2022, with sales growth of 33.5%, to €294.3 million, despite closing its financial year with a net loss of €1.4 million.
Elsewhere, discounter Lidl achieved €1.05 billion in revenue in 2022 in Croatia – a 19.22% increase on the previous year.
The Schwarz Group-owned business turned a profit of €52 million (+1%), while EBIT reached €66.2 million and EBITDA amounted to €98.2 million.
Elsewhere, Kaufland reported a turnover of €635.5 million (+12%) with net profit of €16 million (+101%) and EBITDA of €42.3 million.
The data was provided by the Croatian Financial Agency (Fina), based on financial results reported by the retailers themselves.
Read More: Lidl And Kaufland Owner Schwarz Group Reports €154bn In Sales
Best Of The Rest
Konzum, owned by Fortenova Group, saw revenue up 12.3% to €1.6 billion in 2022, the data showed.
The Croatian retailer reported net profit of €17.4 million, while EBIT was €55.4 million and EBITDA amounted to €135.8 million.
The Croatian unit of SPAR was another solid performer in revenue terms, earning €823.14 million (+15.49%), although it ended the year in the red.
Local supermarket chain Plodine reported total revenues of €789.9 million (+14.80%) for the year, and turned a net profit of €32.8 million.
Another local player, Tommy, had a positive year with sales of €546.4 million (+14.23%) and net profit of €17.8 million.
Studenac, owned by Polish fund Enterprise Investors, saw strong turnover growth (+33.13%) to €414.9 million, as a result of extensive merger and acquisition activity. The group, which is now the market leader in terms of store count in Croatia (over 1,000), ended the year in the red, to the tune of €1.32 million, the data showed.
Read More: Studenac CEO Michal Seńczuk On The Retailer's Rapid Growth
© 2023 European Supermarket Magazine – your source for the latest Retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: European Supermarket Magazine.
