Within the plans for the course of the year, the Metro - My Market Group is anticipated to close the current fiscal year with a single-digit increase in turnover.

The company's management expects profitability to be at least at the same levels, possibly improved compared to 2022.

POSITIVE TRAJECTORY FOR RETAIL - SLOW GROWTH FOR WHOLESALE

Specifically, slower growth was observed in wholesale, as despite the increased tourist flow, spending was limited. This was directly reflected in HoReCa professionals and indirectly in Cash & Carry.

However, signs of recovery are now emerging, while the positive performance of retail in terms of volume and value is expected to yield a good result for the fiscal year.

GREEN INVESTMENTS ENHANCE PROFITABILITY

In addition, the net metering investments implemented by the company since 2015 for energy cost management are expected to secure profitability for Metro. These investments also serve the company's large-scale plan for the coming years.

Already, the results of the green investments, intensified in recent years, have begun to manifest in Metro's financial performance, with the management expecting even greater contributions.

AT 150 POINTS ON THE 5-YEAR SCALE FOR MY MARKET LOCAL

This year, Metro initiated the rollout of its new concept, My Market Local, which was first unveiled by FnB Daily. The opening of the new concept accelerated in the second half of the year, approaching the target of 20 points by the end of 2023.

The plan for the next year is expected to pick up pace, reaching at least 20-25 stores annually, while Metro's intention is to open 150 points over the next five years. Sources close to the company report to FnB Daily that the management is optimistic about achieving this goal, as there are properties, market interest, and partners finding the concept appealing.