September 19, 2014 11:41 AM ET

Food and Staples Retailing

Company Overview of Poslovni sistem Mercator d.d.

Company Overview

Poslovni sistem Mercator, d.d., through its subsidiaries, is engaged in the retail and wholesale of fast-moving consumer goods. It stores offers a range of products primarily comprising home appliances, consumer electronics, tools and accessories, construction equipment and machinery, and products for a cosy home and ambient; apparel, body care products, perfumes, and other cosmetic products; and sportswear and equipment, footwear, and groceries, as well as culinary and other services. The company operates various store formats, such as hypermarkets, supermarkets, neighborhood stores, convenience stores, comfort stores, cash and carry stores, drugstores, and franchise stores, as well as whol...

Dunajska Cesta 107

Ljubljana,  1113

Slovenia

Founded in 1949

22,663 Employees

Phone:

386 1 560 1000

Key Executives for Poslovni sistem Mercator d.d.

President of the Management Board
Age: 41
Total Annual Compensation: $96.0K
Senior Vice President for Finance & IT and Member of Management Board
Total Annual Compensation: $145.0K
Senior Vice President of Mercator Trade Slovenia & Croatia and Member of Management Board
Total Annual Compensation: $145.0K
Senior Vice President of Mercator Operations Sotheastern Europe and Member of Management Board
Total Annual Compensation: $144.0K
Deputy Chairman of Human Resiources
Total Annual Compensation: $60.0K
Compensation as of Fiscal Year 2013.

Poslovni sistem Mercator d.d. Key Developments

Mercator Reports Consolidated Earnings Results for the First Half of 2014

Mercator reported consolidated earnings results for the first half of 2014. For the first half of 2014, the company announced that it narrowed its consolidated net loss to EUR 13.7 million ($18.1 million) from EUR 15.1 million a year earlier. Consolidated revenue fell 4.2% on the year to EUR 1.3 billion through June. The drop in revenue is a result of changes in consumer behaviour as a response to a weakening purchasing power, stiff competition in all markets of the group's operations, and the closure of 35 underperforming business units as part of corporate restructuring, Mercator said.

Konzum, Mercator Put 95 Stores For Sale

Agrokor d.d.’s Konzum d.d. and Poslovni sistem Mercator d.d. (LJSE:MELR) are planning to sell assets. The companies said that they are offering for sale or lease a combined 95 stores in Croatia in order to comply with anti-trust regulations. They stated that the deadline for the submission of expressions of interest is August 18, 2014. The stores, a total of 25, are located in Zagreb. Potential suitors can pick among 48 Konzum and 47 Mercator stores.

Lasko Mulls Sale

Pivovarna Lasko DD (LJSE:PILR) must be sold by June 2015. Pivovarna Lasko will be seeking a new strategic partner, who must be found by June 2015. This will only be possible if Pivovarna manages to sell its 23% stake in Poslovni sistem Mercator d.d. (LJSE:MELR). If the sale falls through a new plan will have to be drafted by the end of 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 2, 2014
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