ABC on Wheels is an agency network that conducts mobile sales of FMCG products in small towns and villages. The company was founded in November 2015 and is wholly owned by the Eurocash Group. It currently operates in eight provinces.
Financial Results ABC on Wheels
In 2023, ABC on Wheels recorded a net loss of PLN 9,734,510.63, an improvement over the loss of PLN 15,534,655.69 incurred in 2022. The loss from operations amounted to PLN 6,132,747.87, while a year earlier it was more than twice as high at PLN 13,505,514.14.
Changes in management
On March 1, 2023, there were changes in the company’s board of directors. Blazej Białczyk took over as chairman, replacing Arnaldo Guerreiro, who was dismissed. The other members of the board are Małgorzata Obrębska-Foltyn, Marta Królikowska and Dawid Kula.
Eurocash Group: Leader in wholesale distribution
The Eurocash Group, which includes ABC on Wheels, is Poland’s largest wholesale distributor of food products, household chemicals, alcohol and tobacco.
In November, the Group published its financial results for the third quarter of 2024. External sales of goods in the retail segment amounted to PLN 2,068.3 million, down 3.0% compared to the same period in 2023. Total sales for the three quarters of 2024 reached PLN 5,911.7 million, down 0.9% year-on-year.
EBITDA of the retail segment in the third quarter of 2024 amounted to PLN 87.4 million, compared to PLN 114.7 million in the same period of 2023. The Group’s net profit for the third quarter of 2024 was PLN 15 million, down from PLN 43 million profit a year earlier.
The Group’s net profit for the third quarter of 2024 was PLN 15 million, down from PLN 43 million profit a year earlier.