Komputronik to improve its results in 2010/2011

2010-06-28

Komputronik, one of the largest chains offering computers and electronic equipment, expects to significantly improve its results in 2010/2011, as Parkiet reported. In the fiscal year 2009/2010 that comprised five quarters and ended on 31 March 2010, it earned PLN 982m (€242.5m) of sales revenues and PLN 1.85m (€0.46m) of net loss. By way of comparison, in the previous year, the retailer posted PLN 758m (€187.2m) of turnover and PLN 5.8m (€1.4m) of net profit.
The weaker results were caused by Karen, the company’s subsidiary, which posted a net loss of PLN 7.8m (€1.9m) in 2009/2010 and lowered the group’s results by PLN 4.5m (€1.1m).
The improvement in results is to be the effect of the better situation on the market that was stagnating throughout 2009 as well as of higher demand in the business segment. Sales via the Internet are also expected to increase. In addition, Komputronik has found a new investor for Karen that will acquire the chain.