Turnover of retailer Coop Hungary rises by 2% y/y in 2009.

By bne IntelliNews March 9, 2010
Sales of retail chain Coop Hungary amounted to HUF 510bn (EUR 1.9bn) in current prices in 2009 and increased by 2% y/y, the company CEO Laszlo Muranyi said. No information was provided as to how the network expansion of the retailer contributed for the overall sales growth during the year, which significantly exceeded the market average. Coop stores accounted for an 11% market share in 2009 and the retailer expected to integrate around 2,000 other facilities to its network, which should boost its share by further 3-3.5% in 2010. Muranyi added that retail sales accounted for 80% of the total sales value last year. Wholesale activities provided 15% of the turnover and rental activities the remaining 5%.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss