EKO sets its wagon train for expansion into the east

Last year it posted revenues of zl.750 million and if the current growth rate continues, this could approach one billion. Over the last decade it has launched 170 supermarkets and now plans to increase its turnover by 25% yearly, aiming for a 100% growth rate in three years. The company says it is going to achieve these results mainly through organic development, however, it has not ruled out takeovers of chains consisting of 5 to 50 outlets. Its president and major shareholder Krzysztof Grodecki claims that talks are being held and final decisions should be expected soon. If necessary, the company will acquire a strategic investor to finance mergers or go public. It will face strong opposition in its march east, however, with companies such as the dynamically developing Polomarket standing in its way. (Puls Biznesu, p.11) J.L.