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Decathlon plans further expansion in Hungary

Sporting goods retailer Decathlon plans to add more outlets to uts chain of 12 stores in Hungary and to set up a regional IT service centre to add to its regional logistic center, the company said on Wednesday.

There was a management change at Decathlon Magyarország in July, with former managing director Pannya Khamphommala replaced by Gábor Pósfai, who earlier worked as the company's regional manager for western Hungary.

Pannya Khamphommala said Decathlon, a member of sports goods maker and distributor Oxylane, has been present in Hungary for six years, and has been market leader for five years. The company has been profitable since 2007, but results were influenced by the crisis in 2009-2010.

He emphasized, however, that there has been a double-digit turnover increase since 2010, and the company is profitable excluding the logistics operation, and will be profitable even counting this branch of operations within 6-12 months.