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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.


Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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