SLOVENIA: Retailer Mercator reports FY loss

By Dean Best | 30 January 2013

Asset write-downs hit Mercators bottom line

Asset write-downs hit Mercator's bottom line

Slovenian retailer Mercator, which has stores throughout south-eastern Europe, has reported an annual loss of over EUR103m (US$139.8m) amid flat sales and write-downs on assets.

Mercator yesterday (29 January) booked a loss of EUR103.6m, citing a series of charges from write-downs and impairment costs.

Revenue reached EUR2.87bn, in line with the sales it generated in 2011.

The company plans to shake up its business this year, which will include the withdrawal from its two smallest markets, Albania and Bulgaria.

Mercator will also centralise its business functions, "optimise" its supply chain and focus on smaller store formats.

Click here for the full release.

Sectors: Emerging markets, Financials, Retail

Companies: Mercator

View next/previous articles

Currently reading -

SLOVENIA: Retailer Mercator reports FY loss

There are currently no comments on this article

Be the first to comment on this article

Related research

Mercator - S doo in Retailing (Serbia)

In the second half of 2012 Mercator-S plans to invest more than €30 million in order to open new hypermarkets in Serbia. In May 2012 it also invested €12 million in the reconstruction of Mercator Centar in Belgrade....

Related articles

Editor's choice: the highlights on just-food last week

The leading story this week was clear: the UK's announcement of what the new front-of-pack nutrition label will look like and crucially, which companies have signed up - and which haven't. The Australian government also put forward plans for a front-of-pack label, although the country's food industry was less than happy. Elsewhere, M&A dominated, with Archer Daniels Midland admitting it was in talks to sell its cocoa business, Chinese dairy giant Mengniu looking to buy local infant formula firm Yashili and Campbell Soup Co. making another acquisition outside the soup sector.

CROATIA: Retailer Agrokor to buy majority of rival Mercator

Croatian retailer Agrokor has agreed a deal to acquire a majority stake in Slovenian rival Mercator for EUR240m (US$320m).

SLOVENIA: Q1 sales down at Balkans retailer Mercator

Balkans retailer Mercator, which has seen two bids made for a majority stake in its business, has reported a fall in first-quarter sales amid "challenging" macroeconomic conditions in the region.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page