Emperia Group – revenue and gross margin growth in Q1

Emperia Group has published results for the first quarter of 2017, showing growth in revenue and gross margin as well as results in line with Q1 2016 results.

Emperia Group’s first-quarter results, published on Monday, 15 May 2017, confirm the Stokrotka chain’s strengthened market position and progress towards executing its growth plan. The Group’s revenue from sales in this period were 2.3% higher than in the comparative period last year, reaching PLN 600.4 million. The Group ended the first quarter with a good EBITDA result of PLN 19.9 million. This period’s results were affected by a holiday shift, a shorter February and wage increases for store and warehouse employees. In the first quarter, Stokrotka opened 11 new retail sites, including: 7 markets and 4 franchise stores. At the end of the period, the chain comprised 380 stores. The Group also increase its property holdings by one property intended for a market store.

 

Information about Emperia Group:

Emperia is a dynamic and reputable Polish group focused on the FMCG retail segment. Founded in 1990, Emperia has been a fixture of Poland’s retail market for the past 27 years. Emperia Group operates in three areas: FMCG retail, IT and property. It employs more than 8 000 workers. The Group's operations are coordinated by Emperia Holding S.A., a company that has been listed on the Warsaw Stock Exchange for 15 years. Emperia Holding S.A. is responsible for developing strategy and monitoring progress at all of Emperia Group's companies.

Retail segment – comprising Stokrotka Sp. z o.o. – a company with Polish capital and a wealth of tradition in Polish retail. Founded in Lublin in 1994, the company operates throughout the country. The first Stokrotka supermarket was founded in Łęczna near Lublin in 1996. The chain currently comprises more than 370 Stokrotka supermarkets and markets, located in residential developments and mini-centres and shopping galleries. Typical locations range from 200 to 1 000 sqm in floor space and feature 4 000 - 10 000 assortment items, including groceries, alcohol, beauty products and household cleaners, as well as fresh products: baked goods, meats, fruits and vegetables. The stores also feature local products, made in the regions where the chain is present, and own-brand products. In 2013, the company launched its in-house logistics network, with a distribution centre in Teresin near Warsaw and nine regional warehouses located throughout the country. A second distribution centre was launched in Q1 2016 in Lublin.

Property segment – manages a portfolio of 87 properties, invests in facilities for retail operations. The segment manages a property portfolio, acquires new locations and conducts property development activities through several special purpose vehicles. In line with the investment strategy, it focuses on facilities in the form of mini galleries or shopping parks. The main company in this segment is Elpro Development S.A.

IT segment – since the consolidation of the Group's IT companies, completed in 2012, the IT operations are carried out by Infinite, which offers a wide range of technological solutions for both large and small manufacturing and retail companies. The company develops solutions for supporting strategic business processes, electronic data exchange and document workflow. It provides B2B integration solutions for transaction optimisation through automating relations between business partners. Infinite is present in Poland and on foreign markets.