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HEMA sees net loss increase slightly in second quarter

2019-10-02T09:13:26.447Z

HEMA saw a slight increase in the net loss in the second quarter. At the bottom of the line, the retail chain fell 14.1 million euros. In the same period a year earlier, the loss was still 10.2 million euros.



HEMA saw a slight increase in the net loss in the second quarter. At the bottom of the line, the retail chain fell 14.1 million euros. In the same period a year earlier, the loss was still 10.2 million euros.

HEMA notes that the first two quarters are traditionally weaker periods for retailers.

HEMA CEO Tjeerd Jegen speaks of a good performance in the second quarter "despite the negative consequences of the exceptionally warm weather in the last two weeks of the quarter".

For example, online revenue has grown by double digits and significant progress has been made in the growth strategy. The American supermarket chain Walmart starts this week with the online sale of HEMA articles.

HEMA saw a 3.5 percent increase in sales. Turnover increased from 286.5 million euros in the second quarter of 2018 to 296.4 million euros in the second quarter of this year.

The EBITDA, the result for writing off taxes, interest charges and depreciation, tripled from 15.3 million to 47.8 million euros.

Source: nunl

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