Pevec posts revenue and profit growth for 2013

Croatian retailer Pevec registered a sales revenue of nearly HRK 724 million (about EUR 94.7 million) last year, up 13.4 percent from the year before. Its net profit also grew significantly - from about HRK 6 million (EUR 784,816) in 2012 to HRK 15 million (EUR 1.962 million) in 2013, the company announced in a release on Monday (31 March 2014).
All profit margins went up in 2013 with the EBITDA margin growing from 1.1 to 2.95 percent and the EBIT margin from 0.69 to 2.1 percent.

According to the release, Pevec continued to consolidate its business, improve business processes and organization, and develop the IT structure in 2013, and it plans to work on this continuously in 2014 as well.

People at this company point out that Pevec opened two new retail centers last year - in Novi Zagreb and Makarska, increasing the number of employees by 79, to 956.

This year Pevec opened a retail center in Kastel Sucurac. Another, fourth retail center of Pevec in Zagreb and the 14th of the kind in Croatia will be opened this May. After that, the number of Pevec's employees will exceed 1,000.

Commenting on their last year's results, Chairman of the Pevec Managing Board Darko Sket points out that 2013 was a very challenging business year for Pevec, during which they achieved a good result in spite of decreased purchasing power and bad economic situation in the country.

Pevec opened a magnificent facility in Serbia in 2008, but it was opened for only one year. This complex in Pancevacki Put Street has recently been put up for sale.

PEVEC BEOGRAD

PEVEC ZAGREB d.o.o.

Pevec

Pevec revenue 2013

Pevec profit 2013

Pevec operations

Novi Zagreb

Makarska

Kastel Sucurac

Zagreb

Darko Sket