Mercator Group plans to break even in 2014

Mercator Group plans to break even in 2014

The group around retailer Mercator plans to generate EUR 2.7bn in sales revenues and profit of EUR 339,000 in 2014. Investments in the next year will meanwhile amount to EUR 58.9m, which is EUR 20m more than planned in 2013.


Mercator Boss optimistic for the next year (Photo: Mercator)

Mercator Boss optimistic for the next year (Photo: Mercator)

The Mercator group expects its sales revenues to drop by 3.5% compared to the plan for 2013. The drop will be a result of the closing of non-profitable units and discontinuation of non-strategic activities.

Also to affect sales revenues is the continued economic crisis on all key markets where the group is present. An improvement is expected in 2015, Mercator said in a press release on Wednesday.

Investments in fixed assets will increase in 2014, with a majority of investments being focused on refurbishment of the existing retail units.

The Mercator group generated more than EUR 2bn in sales revenues in the first nine months of 2013, reporting a net loss of EUR 17.6m for the period.