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Friday, 19.04.2024, 10:20
Sales of Depo store in Latvia increased by 6.5% in 2019
BC, Riga, 03.08.2020.
Print version
Print versionDepo DIY store last year generated EUR 249.203 million in sales, up 6.5 percent from a year ago, while the company's profit increased 10 percent to EUR 15.56 million, reports LETA, according to Firmas.lv business database.
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The company's management reported that last year was successful. The company believes that it has strengthened its leading position in the DIY segment. The company continued work on further growth of its operations, implementing its strategy.
The customer flow and revenue in stores met the target and showed a stable positive dynamics.
Depo DIY sales in early 2020 also met the target, therefore the company did not apply for state support in relation to Covid-19.
As reported, in 2018, Depo DIY generated EUR 233.937 million in sales and earned EUR 14.149 million in profit.
Founded in 2004, Depo has a share capital of EUR 7.5 million, and its sole owner is DMT Pluss.
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