Eurocash S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022 at 12:09 am EDT
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Eurocash S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was PLN 6,527.89 million compared to PLN 5,812.1 million a year ago. Net loss was PLN 51.71 million compared to PLN 70.46 million a year ago. Basic loss per share from continuing operations was PLN 0.37 compared to PLN 0.51 a year ago. Diluted loss per share from continuing operations was PLN 0.37 compared to PLN 0.51 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.