Terno increased sales 23% last year
The chain of 140 Terno and Kraj stores posted a €1.5m EBITDA profit last year following losses in 2017-19, says Stanislav Čajka, CEO of Terno RE (Martin Fedor). Its sales rose 23% to €171m and should increase towards €200m this year. Last year, it took over 40 stores of the bust Kačka chain in northern and central Slovakia, and this year it plans to open 10-15 new stores. Further expansion should drive sales up to €500m gradually. It does not plan the online sale of food, but will introduce produce under private brands this year. Slovak foodstuffs account for 60% of sales. It will keep both store brands, Terno and Kraj.