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One of the largest retail chains in Lithuania is growing overseas



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The largest retail company in the Baltic State, the Maxima Group, is developing in Bulgaria, where it manages a network of branded T-Market brands.

Bulgarian Maxima Director General Edvinas Volkas told Capital News that the company will open two new stores by the end of this year and 74 countries will have a total of them in their country. Next year, according to E. Volko, in Bulgaria 7-10 other shops are planned to be opened. .

Recently, the company opened a new concept at the T-Market Express store in Sofia, which invested $ 1 million. euro It has a "24 hour social area" – it offers free internet access, smartphones and sandwiches, salads and other dishes.

According to E. Volko, 2018 will be the first year that the company will settle with positive earnings before interest, tax, depreciation and amortization (EBITDA) indicators.

E. Volkas predicts that Maxima Bulgaria's revenue will grow by 40 percent this year. up to 158.5 million euros. Last year the company received 113.3 million. euro income.

Maxima Group has been operating in Bulgaria since 2005. Last year, the company entered the ten largest domestic chains for the first time.

The Maxima Group, managed by Nerija Numvičius, controlled by the Vilnius Trading Group, intends to invest around 200 million Euros this year and next. The euro, the highest of them – in Poland, where Maxima acquired the Stokrotka retail chain.

Groups in the Baltic countries manage the Maxima retail network and the electronic grocery store "Barbora", in Poland "Stokrotka" and "Aldik".

In 2017, the Maxima Group received 2.806 billion. Euro consolidated income – 4.2% more than in 2016, net income increased 2.1 times to 75 million. euro

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