Eurocash S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 12:15 am EDT
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Eurocash S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was PLN 5,812.095 million compared to PLN 5,919.100 million a year ago. Operating loss was PLN 33.619 million compared to PLN 10.409 million a year ago. Net loss was PLN 70.462 million compared to PLN 60.646 million a year ago. Basic loss per share from continuing operations was PLN 0.51 compared to PLN 0.44 a year ago.
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.