Spanish food retailer Eroski saw a sharp rise in turnover and profits during the first nine months of its financial year. The strong results are due to price control, promotional efforts, and efficiency improvements.
“Profitable and cautious growth”
In the period from February 1 to October 31, Eroski’s gross food sales rose by 2.9% to 4.270 billion euros. Net profit was up by as much as 36% to 90.3 million euros, while EBITDA came in at 251 million, an increase of 1.8%. According to the group, the growth was in line with expectations for the third quarter.
