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Ruch posts record results and continues to expand

2008-02-15 00:00
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2008-02-15 00:00
The company also unveiled a zł.100 million investment scheduled for this year as it continues to expand its retail network and to build its own chain of coffee shops. "The 2007 results are below our expectations, but we started a major restructuring last year and we still managed to improve profitability," said Cezary Klimont, the company's CFO. Ruch made a 2007 net profit of zł.35.9 million, up from zł.20 million in 2006, on sales of zł.4.14 billion, up from zł.4.05 billion.

The company said results were hit by weaker December sales caused by unfavorable weather, lower margins and slower-than-expected acquisition of new sites. In 2008 Ruch wants to spend zł.100 million on capital investment, including new IT systems, upgrades of its store network and new sites. Pawel Sobkow, Ruch's head of retail sales, said the company was buying new locations for its coffee shops and preparing to rebrand the Tchibo chain it acquired last year. Ruch has also launched a pilot convenience store project, which it could develop into a franchise if it proves successful. (Puls Biznesu, p. 12; Parkiet, p. 8; Rzeczpospolita, p. B7) R.M.


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Załóż konto osobiste w apce Moje ING i zgarnij do 600 zł w promocjach od ING
Załóż konto osobiste w apce Moje ING i zgarnij do 600 zł w promocjach od ING

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