Eurotorg LLC announces the release of audited IFRS H1 2017 and 2014–2016 financial statements
Minsk, 9 October 2017 – Eurotorg LLC today announces the release of its audited annual consolidated financial statements for the three years ended 31 December 2014, 31 December 2015 and 31 December 2016, and interim consolidated financial statements for the six months ended 30 June 2017.
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Eurotorg is the largest grocery retail chain in Belarus, with a market share of 19% (2016). The Company’s business was established in 1993 in Minsk. Today Eurotorg operates 460 stores under the Euroopt and Brusnichka banners in several formats (hypermarkets, supermarkets and convenience stores).
The Company’s strategy, based on offering a focused assortment of high turnover products at market-leading prices, delivers a value proposition that is well-tuned to the needs of Belarusian consumers. Every day about 900,000 customers make purchases at Eurotorg stores across 123 cities and towns in Belarus.
In 2016, the Company reported revenue of BYN 3.64 billion (USD 1.83 billion based on the average National Bank of Belarus exchange rate for 2016).
A brief video about Eurotorg’s business can be viewed here.