Its revenue amounted to almost 3.5 billion lei (EUR739 million) in 2018, up about 17% year on year, the highest in the entire group. It actually doubled in 2011-2018.
“This year started very well. Compared with the same time last year we can see an upward trend and we are focusing on preserving the double-digit growth rate in 2019,” the officials of Penny Market say.
The retailer, which has more than 240 stores in Romania, will continue expansion, by 20 to 25 stores this year. It set out to reach 400 stores by 2025. Penny Market has more than RON2.3 billion earmarked for investments in Romania over the next seven years, its officials said.(EUR1=RON4.7340)
(English version by Loredana Fratila-Cristescu)