REGION: Mercator reports Q1 2015 results | Progresiv

Mercator Group reported that first quarter (Q1) 2015 sales increased 0.6% year-over-year (y-o-y) to 628.7 million euros. Slovenia sales decreased 0.5% to 362.7 million euros, Serbia sales increased 77.4% to 221.3 million euros, Croatia sales decreased 75.3% to 16.9 million euros, Bosnia and Herzegovina sales decreased 85.1% to 6.9 million euros, while in Montenegro the sales decreased 2.2% to 20.7 million euros.

The group generated 35.2% of total revenue in Serbia, as a consequence of the transfer of Idea stores to Mercator.

In 2015, Mercator Group will focus on the business restructuring and on improving the group’s performance, adopting cost optimization measures and strengthening its market position. (www.kantarretailiq.com)