The Slovenia Times

Mercator Group Plans to Break Even in 2014



The Mercator group expects its sales revenues to drop by 3.5% compared to the plan for 2013. The drop will be a result of the closing of non-profitable units and discontinuation of non-strategic activities.

Also to affect sales revenues is the continued economic crisis on all key markets where the group is present. An improvement is expected in 2015, Mercator said in a press release on Wednesday.

Investments in fixed assets will increase in 2014, with a majority of investments being focused on refurbishment of the existing retail units.

The Mercator group generated more than EUR 2bn in sales revenues in the first nine months of 2013, reporting a net loss of EUR 17.6m for the period.


More from Nekategorizirano