The historically highest EBITDA in the first half of the year: dynamic increase to over 400m, with Q2 contributing 256m at +100% growth
Wholesale - increasing number of transactions
and the shopping cart value in small formats
Sales +14% y/y
•
an increase in the EBITDA margin to 3.5% through the operating leverage
EBITDA +69m PLN y/y
•
double-digit increases in sales of each wholesale line in 1H22
Retail - fourth consecutive quarter of earnings improvement
•
316m of Arhelan stores sales
Sales +20% y/y
EBITDA +147m PLN y/y
•
+11% LfL of DC own stores in 1H and +14,9% LfL in 2Q
Projects - Frisco and Duży Ben expansion
•
Frisco: sales +38% y/y, launch in Bydgoszcz
Sales +41% y/y
EBITDA -11m PLN y/y
•
Duży Ben with 249 stores, + 19% increase in LfL sales in 2Q22 y/y
2
01.
Macro & market
3
Macro environment
Polish GDP growth
11.3
%
7.6
8.5
5.5
5.3
2.6
-1.1
-0.6
-2.1
-8.9
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
Retail sales growth in Poland - food, beverages and tobacco
11.9 %
10.5
7.9
6.6
5.4
Inflation
%
13.9
13.4
9.7
8.7
6.9
7.7
7.7
6.4
6.7
5.4
6.5
4.5
3.2
3.8
3.6
4.6
2.8
3.7
4.7
4.7
4.5
2.7
2.1
3.2
1.7
2.5
1.1
%
1.8
1.4
0.6
1.2
4Q19
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
2.7
2.9
3.6
3.6
CPI
CPI - food and non-alcoholic beverages
1.8 1.9
0.9
0.3
0.2
CPI - tobbacco and alcoholic beverages
-1.3
VI 21 VII 21 VIII 21 IX 21 X 21 XI 21 XII 21 I 22 II 22
III 22 III 22 IV 22
V 22 VI 22 VII 22
4
*źródło: GUS
Market data
18,9
6,5
Discounters
5
Food market growth in H1 2022 by distribution channels, including small-format stores
% %
1H21 1H22
9,5
13,6
10,5
6,7
6,6
2,2
1,6
1,2
0,6
-0,2
-0,1
-1,2
-2,7
-5,5
Supermarkets
Hypermarkets +2500 m2
Small format
301 - 2500 m2
Specialized&others
Convenience 40-100 m2
Small supermarkety
Small grocers <40 m2
100 - 300 m2
Improvement of small format results
The least prospective stores with the smallest area (less than 40 m2)
*Nielsen Retail Trade Panel,Value sales, period: Jan 2020 - Jun 2022, Food categories
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Eurocash SA published this content on 29 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2022 15:55:58 UTC.
Eurocash SA is a Poland-based company engaged in the industry of wholesale and retail distribution of food and distribution of fast moving consumer goods (FMCG). It operates through four segments: Wholesale, Retail, Projects and Others. The Wholesale segment is divided into Eurocash Distribution, including distribution and supporting franchise activities; Cash&Carry, which operates a national network of warehouses; Tobacco & Impulse, which distributes tobacco products, Alcohol Distribution, Eurocash Food Service and Other. The Retail segment operates the retails activities of Eurocahs group and the wholesale of Delikatesy Centrum franchisees. It also includes other retail operations under EKO, Mila and Inmedio brand names. The Project segment is dedicated to run the projects of the Eurocash Group. It cooperates with different partners including abc, Groszek, Delikatesy Centrum, Lewiatan, Euro Sklep or Gama.
EUROCASH S.A. 
