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Auchan Magyarország sees HUF 326 bln revenue in 2014

Telco

French-owned Auchan Magyarország saw revenue of HUF 326 bln last year, an increase from the previous year’s HUF 324 bln, Auchan Magyarország said yesterday in an earnings report, according to Hungarian online daily Origo.

According to the report, EBITDA increased by 52%, to HUF 8.5 bln, however, the company booked a HUF 12.5 bln loss on its bottom line, with approximately HUF 11 bln of the loss being bigger than the planned write-down.

The report added that customers at the company’s 19 stores and 16 gas stations rose by 2 million to 42 million. Capital expenditures of the Hungarian units reached HUF 4.8 bln, of which approximately half went toward opening five more petrol stations.

CEO Dominique Ducoux said that the chain plans no layoffs this year, due to the Sunday closures taking effect as of March 15, and added that the company expects to be profitable in 2015. The CEO added that Auchan Magyarország would start online sales this year and lay the groundwork for setting up franchises and stores with retail space of under 5,000 sqm.

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