Having recovered from serious financial trouble, the Polish retailer Monnari is now targeting an ambitious plan for 2014. “We expect to continue improving our performance this year, as consumer confidence is likely to grow,” says Mirosław Masztal, CEO of Monnari. “We also plan to implement some changes to our collection this year in an effort to meet higher demand from our clients, which is expected to further increase our sales.”
Monnari posted PLN 145.6m in sales at the end of 2013, a significant 10-percent jump year-on-year. Its net profit also grew by as much as 106 percent to PLN 17m. This makes it possible for the company to pay out dividends this year, but Masztal says a final decision hasn’t been approved by company shareholders. “As CEO of the company, I think that the money should stay in the company to provide growth,” he says, pointing out that there are a number of interesting acquisition opportunities currently on the Polish market.
