Auchan targets CAPEX of HUF 17 bln in 2018
The local unit of French supermarket chain Auchan plans capital expenditures of HUF 17 billion next year, Auchan Hungary told state news agency MTI. Auchan has invested more than HUF 200 bln in Hungary over the last 19 years.
Auchan plans to open 30 supermarkets in Hungary in the coming years, strengthening its position on the local market with a "new format" as well, the business said. At present, Auchan has 19 hypermarkets, 18 petrol stations and a webshop in Hungary.
Last year, Auchan Hungary had profit of HUF 3.6 bln on revenues of HUF 350 bln. Some 43 million shoppers visited Auchan stores during the year. The local unit employs almost 7,000 people.
ADVERTISEMENT
MNB Monetary Council Leaves Base Rate on Hold
Hungarian Lawmakers Ratify Finland's NATO Accession
Visa Launches She’s Next Grant Program in Hungary
HIPA Awards 'Investors of the Year'
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.
