The company officials did not return ZF’s calls for comment on last year’s sales and net profit.
In 2012, when Auchan took over the Real stores, the two companies, Auchan Romania and real,-Hypermarket Romania (which kept four stores after the deal) posted RON4.86 billion sales together, according to the Finance Ministry data.
Last year, the two retailers posted a little more than RON4 billion sales, according to ZF’s calculations based on the Trade Registry data, RON800 million less than in 2012.
Auchan completed integration of the Real stores in April last year and Frederic Bellon, who runs the local subsidiary of the French group estimated at the time the company would be turning a profit in two years.
Auchan Romania posted more than RON52 million in pretax loss (almost EUR12 million) in 2014, lower than in the previous year. (EUR1=RON4.4382)
(English version by Loredana Fratila-Cristescu)