Thursday , July 7 2022

One of the largest retail chains in Lithuania expands abroad


The largest retail company in the Baltics, Maxima Group, expands in Bulgaria, where it manages the brand of the T-Market brand.

Maxima Bulgarian CEO Edvinas Volkas told Capital News that at the end of this year, the company will open two more stores, with a total of 74 countries. In the next year, according to E. Volko, 7-10 more stores are planned to be opened in Bulgaria. .

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

According to E.Volko, 2018 will be the first year when the company completed its positive profit before interest, tax, amortization and EBITDA.

E.Volkas predicts that Maxima's Bulgarian revenue will increase by 40 percent this year. Last year the company received 113.3 mln. proceeds from the euro.

Maxima Group has been operating since 2005 in Bulgaria. Last year, the company first occupied the top ten local loops.

Maxima Group, managed by Nerija Numvičs, controlled by the Vilnius Trading Group, plans to invest around 200 million euro this year and next year. The euro, the largest of them – in Poland, where Maxima bought Stokrotka retail network.

The group in the Baltic States manages retail chains Maxima and electronic grocery stores "Barbora", Poland "Stokrotka" and "Aldik".

In 2017, Maxima Group received 2.806 billion. Consolidated revenue from the euro – 4.2% more than in 2016, its net profit increased 2.1 times, reaching 75 million. euro

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