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Monnari sees profits down but warehouse go up

Eurobuild CEE 05 September 2017
POLAND The Monnari group has started the construction of its own warehouse in Łódź in an investment of PLN 12 mln.
The warehouse, which is to streamline the logistics processes of the clothing chain, will be located at Monnari Trade’s HQ. Monnari also wants to increase its total sales floor by 1,500–3,000 sqm, by opening new outlets and enlarging existing ones. By the end of H1, 163 Monnari stores were in operation across Poland, 14 more than at the end of June 2016. Monnari Trade generated an operating profit of app. PLN 5.25 mln in H1 2017, down by 55.1 pct y-o-y. The net profit amounted to app. PLN 3.88 mln in H1 2017, compared to PLN 12.16 mln a year earlier. The company is also planning to take over another company from the clothing segment.

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