The Greece-based Sklavenitis supermarket group this week announced turnover for 2021 nearing four billion euros, up by 5.1 percent from the previous year, and significantly higher than the increase posted sector-wide.
Specifically, Sklavenitis said turnover in 2021 reached 3.98 billion, up from 3.79 billion in 2020.
The group’s EBITDA totaled 292.7 million euros, up from 261.4 million euros in 2020.
Read more- Wholesale: The profit “terminator” – What concerns Sklavenitis
Net profits, however, dropped by 2.4 percent, yoy, or 61.08 million euros in absolute terms, down from 62.58 million euros in 2020; the same figure was down by 7.59 percent for the parent company, at 55.50 million euros in 2021, from 60.06 million euros in 2020.
The announced results mark the second consecutive year that the group and parent company posted profits.
As part of a 63-million-euro investment plan implemented in 2021, Sklavenitis opened six new outlets in the provinces and renovated more than 80 stores.
Even more noteworthy is the fact that Sklavenitis reported more than 1,300 hirings in 2021, with the new group now employing more than 31,700 people.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.
