Locked content Eurocash with PLN 36.4 mln Q3 profit

WSE-listed FMCG retailer Eurocash had PLN 36.4 million attributable net profit in Q3, up by 2 percent y/y, and slightly below the PLN 37 million expectations. Revenues were up 12.2 percent y/y to PLN 6.2 billion, while EBITDA increased by 3.5 percent y/y to PLN 105.1 million. The wholesale segment e...

Locked content Eurocash’ Partner takeover under UOKiK scrutiny

The antitrust watchdog UOKiK has sent the WSE-listed retailer Eurocash motion to takeover peer Partner to the second phase of the proceedings, reserved for more complicated cases. UOKiK wants to conduct, among others, market analysis. The watchdog plans to check whether the activities of individual ...

Locked content Eurocash to acquire 26 Lewiatan stores

WSE-listed retailer Eurocash filed a motion to antitrust watchdog UOKiK to takeover Partner, owner of 26 Lewiatan stores. “The challenge of family business succession concerns many entrepreneurs, owners of small and medium-sized stores in Poland. We show that as the Eurocash Group, we are ready not ...

Locked content UOKiK gives Eurocash green light to buy Mila

Polish wholesaler Eurocash has secured from UOKiK unconditional approval for the acquisition of 100 percent in Domelius Limited. As a result, Eurocash will receive control in its subsidiaries Mila Holding, Mila, Investpol 700 Mila and Koja-Mila. In September 2017, Eurocash signed a preliminary agree...

Locked content 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 droppe...

Locked content Eurocash Q3 profit below consensus

WSE-listed FMCG retailer had PLN 35.7 million attributable net profit in Q3 2017, 39.1 percent lower y/y, and below the PLN 60.6 million expectations. Group sales were up 7.4 percent y/y to PLN 6.18 billion, mostly due to consolidated sales from acquired companies such as EKO Holding and PDA. Q3 EBI...

Locked content Eurocash faces long wait for UOKiK approval of Mila takeover

WSE-listed FMCG distributor Eurocash might wait at least six months to secure antitrust watchdog UOKiK approval to takeover Mila retail chain, according to the organization head Marek Niechciał. “Mila has 180 shops, we have to check whether it does not significantly infringe competition on all local...

Locked content Eurocash with a PLN 350 mln deal to buy Mila chain

WSE-listed FMCG distributor Eurocash signed a PLN 350 million contract for the takeover of supermarket chain Mila. “The acquisition of Mila, just as the acquisition of the EKO supermarket chain in January 2017, is part of the strategy of building a nationwide supermarket chain based on cooperation w...

Locked content Eurocash extends Mila takeover deadline

WSE-listed FMCG distributor Eurocash extended the deadline to finalize the takeover of supermarket chain Mila by one week to September 15, Eurocash said in a market filing, without giving a reason for the extension. Back in April, Eurocash signed a letter of intent to buy 100 percent stake in Mila f...