Eurocash S A : Presentation of 2022 financial results
March 28, 2023 at 02:18 am EDT
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Eurocash Group
FY2022 Financial Results
Strategic goals in the 2023-2025 strategy
Omnichannel Wholesaler
• 100m PLN cost and sales synergies
• Sales of B2B e-commerce to double: from PLN 8 to 16 billion
• Increase of Eurocash's share in the wholesale market from 22% to 29%
Data Platform
• 12,000 shops integrated with the largest technology platform in independent trade
• The leading consumer loyalty platform with over 10 million users
• 1 bn PLN Frisco revenues in 2025
• Data Warehouse - supporting the effectiveness of Customers, Producers and Consumers
Franchise and Partner Networks
Organizer
• The second retail organization in Poland with a share in the food market of ~16% (+2pp),
• 500 new stores annually
• Reduction of the price difference to discounters by 8%
On track to achieve strategic goals
The highest annual EBITDA result in history: 570m PLN (pre-IFRS16)
• Strategic target for 2025: 1bn PLN EBITDA (pre-IFRS16)
• 430m PLN remains to be achieved in 3 years
EBITDA 2022 (pre-IFRS16):
570m PLN
• Strategic target: x1,5 net debt / EBITDA
• Reduction of net debt and reverse factoring by 31% y/y, 812m PLN less at the end of 2022
x1,2
• 1Hurt project launched
• Estimated cost and sales synergies by 2025 : 100m PLN
• Next step: Cash&Carry and active distribution to start the integration in 2023
1Hurt
• Number of stores in networks organized by the Eurocash Group
• Q4/Q1 review of abc stores
• Strategic target: : +500 net stores per year in 2023-2025
15 504 stores franchised, own, partnership
Eurocash Group - 2022 - a year of growth
Increase in net profit
m PLN
Sales of goods evolution by segments in 2022 y/y
m PLN
17,4%
1 290
229
-99 2021
2022
2021
3 038
WholesaleRetailProjects
2022
Over 40% growth of EBITDA
Increase in EBITDA
m PLN
EBITDA evolution by segments in 2022 y/y
m PLN
2021
2022
2021
WholesaleRetailProjectsOther
2022
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Eurocash SA published this content on 28 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2023 06:17:04 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. 
