Kaufland Polska with over PLN 10 bln revenue in 2016

Kaufland Polska's revenue from sales in the 2016 fiscal year (till end-February 2017), has increased by nearly 6 percent y/y to over PLN 10 billion, company said in a market filing. “The increase has been fueled by growth in lfl sales, changing the product range and network expansion,” the company said. In 2016, the company had PLN 500 million CAPEX, and plans to spend further PLN 700 million this year. Kaufland wants to open five stores in 2017, and another five in 2018. It will also build a new logistic center in Poland. Currently, the company has over 200 stores in Poland.