Revenue growth is supported by physical stores, while the online segment stalled.
“Amid the war, clients curtailed their investments, but I can now notice they have started returning to stores and the online segment is flatlining, with growth coming from the offline one,” says Adelina Badea.
Despite the rising receipts, the profit margin will suffer at yearend because of price increases, which were largely absorbed by the retailer so as not to be passed on to end clients.
For the yearend, estimates point to total 8% revenue growth, but Adelina Badea believe 2023, particularly the first half, will be more challenging.
(English version by Catalina Apostoiu)