Poland · Delayed Price · Currency is PLN Zabka Group Earnings Call Transcripts
Fiscal Year 2026
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Sales rose 12% year-on-year to PLN 7.4 billion, with adjusted EBITDA up 13.1% and network expansion on track. Despite severe winter weather and seasonal net loss, profitability and cash flow improved, and guidance for store openings and margins remains strong.
Fiscal Year 2025
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Delivered double-digit sales and profit growth in 2025, surpassing store expansion targets and strengthening digital and ESG initiatives. Profitability and cash flow improved, with robust guidance for continued expansion and stable margins in 2026.
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Q3 2025 saw 14% year-over-year sales growth to PLN 8.5 billion, with adjusted EBITDA up 14% and net profit up 48%. Store count reached 12,099, and leverage fell to 1x, enabling dividend initiation. Digital and Romanian segments expanded, and guidance was raised for store rollout and margins.
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Management upgraded store opening targets to 1,300+ annually, aiming for 16,000 stores by 2028 and a long-term potential of 27,000. Digital and international growth, especially in Romania, are key pillars, with robust financials supporting a new dividend policy and continued innovation in convenience and digital services.
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Sales rose 14% year-over-year to PLN 8.1 billion, with like-for-like growth of 6.1% and adjusted EBITDA up 20%. Store expansion guidance was raised to over 1,300 new openings, and free cash flow exceeded PLN 1 billion, supporting further deleveraging.
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Sales grew 15% year-over-year to PLN 6.6 billion, with like-for-like up 6% and adjusted EBITDA up 15% to PLN 596 million. Store network reached 11,460, and leverage fell to 1.6x EBITDA. Guidance for 2025 remains confident, targeting over 1,100 new stores and margin improvements.
Fiscal Year 2024
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Achieved 20% sales growth and 24% adjusted EBITDA increase, driven by network expansion, digital growth, and strong like-for-like performance. Reduced leverage, delivered robust cash flow, and maintained positive outlook with plans for over 1,100 new stores in 2025.