Warsaw (Puls Biznesu) – The company increases income after the management change. It also plans revolutionary projects.
When Czech-Slovakian fund Penta Investments bought Zabka from Mariusz Switalski and AIG funds a year ago, the retailer of convenience shops had very poor results. Now, it is increasing income fast and starts new projects.
“Zabka will this year celebrate its 10th anniversary and if everything goes smoothly, it will have 2,000 shops at that time. We plan to launch 200 new shops this and 200 ones next year. There are more reasons to celebrate. Two years ago, the net income of the company was close to zero while sales started to fall. After the management had been changed, we have managed to revise this trend. It was possible because we changed products and prices in every shop, depending on its localization. Before, everything used to be settled in the headquarters”, Jacek Roszyk, Zabka Polska CEO said.
In 2007, the company increased net income from PLN 16m to PLN 40m (EUR 11.8m).
“This year, the profit will be even higher while sales should exceed PLN 1.8bn”, Zabka CEO said.
The company still sees big potential.
“We estimate we may have 7,500 shops in Poland”, Jacek Roszyk said.
Zabka is developing its own logistics. So far, MM Logistics has provided these services for the retailer. In addition, Zabka may evolve into deli, a shop offering sandwiches and salads to take away.
(PLN 1 = EUR 0.295)