Eurocash Q4 results below expectations

WSE-listed FMCG retailer Eurocash had PLN 8.8 million attributable net profit in Q4 2017, 86.9 percent lower y/y, and below the PLN 56.2 million expectations. Revenues were up 8.4 percent y/y to PLN 5.8 billion, mainly on increased sales of own shops in the Delikatesy Centrum brand. Q4 EBITDA dropped by 36.4 percent to PLN…

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