Auchan Magyarország sales up 3.8% last year

Telco

French-owned hypermarket chain Auchan Magyarország recorded HUF 350 billion in sales revenues in 2016, 3.8% more than in 2015, the companyʼs CEO Dominique Ducoux said at a press conference on Friday, state news wire MTI reported.

Customers made 43 million purchases last year, 3% more than the year before, at Auchanʼs 19 stores and 18 filling stations employing 6,500 workers, according to the report.

Net profit for last year was HUF 3.6 bln.

Ducoux recalled that the company started up its online supermarket service in the capital last November, and by the end of the year aims to expand it to the whole of Budapest and its environs.

The company has been self-funded now for four years in a row. It made HUF 9.8 bln investments last year, and is planning to invest HUF 12 bln in 2017 and HUF 17 bln in 2018.

Lender Liquidity Increases Further Banking

Lender Liquidity Increases Further

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Home Rental Rates in Hungary Rise 11.7% in March Residential

Home Rental Rates in Hungary Rise 11.7% in March

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.