Slovenian retail chain Mercator achieved in the first six months of this year, 1.356 billion euros of sales , 3.3% less than the same period last year. Group net loss decreased by a fifth of the loss incurred in the same period 2012th and amounts to 15.1 million euros , according to the Mercator -H.
Lower revenues from the sale shall be interpreted by withdrawal from the market of Bulgaria and Albania, the closing of business units and troubled relations economic conditions and a decline in purchasing power. Sales revenues in Slovenia fell by 3.8%. On the second largest market – Serbia – revenue grew 4.2% , while the largest relative decline in revenue recorded in Croatia , where the income from the first half of the 2012th from 182.8 million euros in the same period this year fell to 158 million euros. Net debt fell below the billion , to 990 million euros.
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– By the end of the year we will be focusing on increasing revenues , improving the profitability of the business, ensuring long-term sustainable and stable financial structure and to achieve positive operating subsidiaries . Secured and respect for the obligations set out the contract of sale between a consortium of vendors and Agrokor – said in Ljubljana CEO of Mercator Group Toni Balazic
