The network operates three stores in Bucharest and the online arm, which has a 5.7% weight in net sales.
Operating expenses went up by 9%, to RON40.5 million.
Operating profit stands at RON1 million, down 33%, in line with the budget.
“After a first year-half with an over 11% increase versus 2021, 3Q results reflect the volatile context we are in. Even in such a climate, we managed to maintain the company’s performance at a satisfactory level,” stated Cristian Gavan, founder of the company.
The number of transactions in stores increased by 4% and the number of clients was 5.4% higher.
“We expect the segment we operate on to be least harmed by the constructions one and we will be able to maintain the current increase of 7% for 2022 year-on-year,” stated Gavan.
(English version by Catalina Apostoiu)