Thursday , January 21 2021

One of the largest networks in Lithuania is expanding overseas



The largest retail company in the Baltic countries, Maxima Group, is expanding in Bulgaria, where it manages T-Market's branded brand network.

The company will open two new stores by the end of the year, and 74 countries will include all of them in their country. Next year, Volko says, Bulgaria plans another 7-10 stores to open.

Recently, the company opened a new concept at the T-Market Express store in Sofia, which invested about $ 1 million. The Euro Hotel features a 24-hour "social area" – it offers free internet access, smart phone and sandwiches, salads and other dishes.

According to Volco, 2018 will be the first year that the company will end with a positive profit before the interest rate indicator, taxes, depreciation and amortization (EBITDA).

God. Volckas expects Maximia's revenues to grow by 40% this year. Up to 158.5 million euros last year the company received 113.3 mln. Income from the euro.

The Maxima Group has been operating in Bulgaria since 2005. Last year, the company entered the top 10 largest domestic networks.

The Maxima Group, managed by Neria Noumbicos, controlled by the Vilnius trading group, plans to invest about 200 million euros this year and next year. Euro, the highest of them – in Poland, where Maxima acquired the retail chain Stockrotech.

The Baltic Group manages the Maxima chain stores and electronic grocery store "Barbora", Poland "Stokrotka" and "Aldik".

In 2017 the Maxima group received $ 2.806 billion. The consolidated revenues of the euro – 4.2% more than in 2016, its net profit increased from 2.1 to 75 million USD. The euro

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