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Auchan Magyarország 2010 revenue flat, losses narrow

The Hungarian unit of French supermarket chain Auchan had gross revenue of HUF 225 billion in 2010, about the same as in 2009, Auchan Magyarország CEO Jean-Paul Filliat said at a press conference on Wednesday.

The figure does not include proceeds from the sale of nine petrol stations during the year.

Auchan Magyarország had a loss of just over HUF 7 billion in 2010, an improvement over the HUF 7.9 billion loss in 2009, Filliat said.

The unit paid about €11 million (HUF 2.65 billion) on a crisis tax levied on retailers last year.

This year, Auchan Magyarország expects revenue growth of 3.5-4%.