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Real estate impairments drag Mercator into red in 2017, retail revenue up

Ljubljana, 26 April - The group around retailer Mercator recorded a EUR 184m net loss in 2017, largely due to real estate impairments resulting from a new accounting policy and amounting to EUR 145.8m. Adjusting for the negative effect of one-off events, the group wrapped up last year with a EUR 6m profit, the company's report says.

Ljubljana
Mercator chairman Tomislav Čizmić presenting retailer's results to press.
Photo: Anže Malovrh/STA

Ljubljana
Mercator chairman Tomislav Čizmić presenting retailer's results to press.
Photo: Anže Malovrh/STA

Ljubljana
Mercator chairman Tomislav Čizmić presenting retailer's results to press.
Photo: Anže Malovrh/STA

Ljubljana
Mercator chairman Tomislav Čizmić presenting retailer's results to press.
Photo: Anže Malovrh/STA

Ljubljana
Mercator chairman Tomislav Čizmić presenting retailer's results to press.
Photo: Anže Malovrh/STA

Ljubljana
Mercator chairman Tomislav Čizmić presenting retailer's results to press.
Photo: Anže Malovrh/STA

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