Poland: Netto increases its net profits in 2019
Discount Retail Chain Netto Poland (owned by the Danish Salling Group) generated a net profit of $24 mio in 2019. The profit will be allocated to its capital. In 2018, the company generated a net profit of $22 mio in Poland.
In 2019 Netto expanded its store network from 370 to 380. In its 2019 financial report, the company states that it still intends to actively invest on the Polish market. The Management Board expects to open 20 new stores in 2020 and to open approximately 25 new stores annually in the following years.
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