"Maxima Grupė” Achieves 18% Revenue Growth: “Well Done” Production, 40 New Stores, and Increased Customer Traffic and Basket Size
08 9월 2023 - 3:53PM
"Maxima Grupė” Achieves 18% Revenue Growth: “Well Done” Production,
40 New Stores, and Increased Customer Traffic and Basket Size
The
consolidated revenues of companies
controlled by MAXIMA GRUPĖ, UAB for the first half of 2023
increased by 18% and reached 2.8 billion EUR. Nearly
half of the revenue growth was contributed by the increase
in turnover of the retail chain “Stokrotka,” driven
by several years of expansion in Poland. In the Baltic countries'
stores, both customer traffic and the average shopping basket
increased. Consolidated like-for-like (LFL) retail revenue grew by
15.7% at constant exchange rates.
“Maxima Grupė” reached
EBITDA (earnings before financial result, income tax, depreciation
and amortisation) of EUR 233.9 million. Reduced energy costs,
improved efficiency of logistics and standardization of operational
processes in stores enabled to decrease Group’s costs share from
revenue by 1.9 p.p. Therefore, EBITDA margin rebounded from 2022
and reached 8.2%, which is slightly above the 2021 level (EBITDA
margin of 8.0% in the first half of 2021 and 6.5% in the first half
of 2022).
During the first half
of 2023, “Maxima Grupė” continued its efforts to strengthen the
assortment of private label products and simplify its operational
processes. In April, a new private label brand named “Well Done”
was introduced, which will add about 700 different high-quality
products to “Maxima” shelves at attractive prices for customers.
Starting from May 2023, a one-window principle was implemented for
contacting Baltic suppliers, allowing for faster communication and
more efficient assortment planning and purchasing processes. By
standardizing store formats, 54 stores were renovated during the
first six months of 2023, and a total of 332 renovated format
stores are now operational in the Baltic countries.
One of the main
directions of the Group’s activities remained network expansion. At
the end of the first half of 2023, the “Maxima Grupė” retail chain
had 112 additional stores compared to the end of the first half of
2022. In the first half of 2023, 33 new stores were opened in
Poland, 5 in Bulgaria, another 2 new “Maxima” stores were opened in
Estonia.
The Group's
investments in expansion and store refurbishment amounted to EUR 56
million and were around EUR 6 million higher than in the first half
of 2022. Most of the investments were allocated to the expansion of
the Polish store network. In Lithuania, the construction of the
“Maxima” logistics centre started in April, with an investment of
EUR 70 million, to be completed by the end of 2024.
In order to continue
its expansion and to prepare for the redemption of the long-term
bond issue in September 2023, “MAXIMA GRUPĖ, UAB” signed two
financing agreements for a total amount of EUR 100 million in May
with “AB SEB bankas” and “Skandinaviska Enskilda Banken AB” and
“Swedbank”. The Group's total indebtedness decreased in the first
half of 2023and the leverage ratio improved from 3.1 at the end of
June 2022 to 2.4 at the end of June 2023. The Group's financial
stability is confirmed by Standard & Poor's BB+ credit rating
with a stable outlook, reaffirmed in June.
Contact
Person:
Lukas Radžiūnas
Head of Corporate Affairs and Communications +370 666
21 780 Lukas.radziunas@maximagrupe.eu
- MG INTERIM CONS IFRS 2023.06.30 ENG_signed
- MG INTERIM CONS IFRS 2023.06.30 ENG_signed
Maxima Grupe (TG:A2RRK1)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Maxima Grupe (TG:A2RRK1)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024