For the financial year July 2009 - June 2010 the Group achieved a 4.17% sales increase which is marginally better than the annual target. In Greece the company had satisfactory sales performance despite the fact that there were no additions to the company’s network. Cyprus demonstrated an excelled performance as sales had a double digit growth. Regarding Bulgaria, the new store at Plovdiv contributed to the sales growth that the country demonstrated at the financial year July 2009-June 2010.
The current financial year July 2010- June 2011 starts with the launch of the Group’s second store in Sofia of total surface of 15.000sqm, in August 2010. The challenging macroeconomic environment is expected to affect negatively the sales’ performance of the existing store network. The company in order to counterbalance the lost turnover accelerates its effort for the opening of the six new stores that have been planned for the current financial year.
Specifically until December 2010 it is expected to begin its operations the new hyper-store in Cyprus of total surface 10.000sqm, one more hyper-store in Sofia of total surface 15.000sqm, while in Greece the company has planned the opening of a store in Preveza of total surface 7.000sqm, in Larissa and in Ioannina of total surface 8.000sqm each.
Today, the Group operates 45 stores of which 41 are located in Greece, 2 in Cyprus and 2 in Bulgaria.