In Q2 2024, external sales of goods in the Wholesale segment in the Eurocash Group amounted to over PLN 5,960.4 million and decreased by 2.6% compared to Q2 2023. In H1 2024, sales amounted to nearly PLN 11,381.1 million and decreased by 2.1% y/y.
- EBITDA of the Wholesale segment amounted to PLN 185.9 million in Q2 2024. EBITDA in H1 2024 amounted to PLN 329.9 million.
- LFL sales dynamics for a constant number of Eurocash Cash&Carry discount warehouses amounted to -5.7% in Q2 2024 and -5.4% in H1 2024.
Eurocash closed 5 warehouses
The number of Eurocash Cash&Carry discount warehouses at the end of H1 2024 is 172. Let us recall that at the end of 2023 this number was 177, which means the closure of 5 warehouses.
As part of the strategy, Eurocash Group plans to focus on wholesale operations. The plan is to achieve cost and revenue synergies resulting from deepening the integration of various wholesale formats. This requires IT and reorganization projects, including in the areas of logistics, sales service, administration. Estimates of potential synergies and their effective implementation are subject to risk.
The Group emphasizes that in the FMCG wholesale distribution sector, sales in the first half of the year are traditionally lower. The highest sales are realized in the summer, then stabilize in the fourth quarter.
