Biedronka sales grow by 15.6% in Q1

Retailer Biedronka registered in the first quarter growth of sales by 15.6 percent to 2.9 billion euros. In PLN sales grew by 11.9 percent. Like-for-like sales rose by 8.6 percent, the company said. EBITDA amounted to PLN 198 mln (up 15.7 percent), EBITDA margin was flat at 6.8 percent. In the first three months of 2018, the retailer opened 11 new stores, while 9 stores were closed. In total, Biedronka plans to open 70-80 stores this year.