Penny is expanding with 30 new stores this year

19 April 2022

PENNY Romania retailer announces investments in 30 new stores this year, and a total of EUR 1 billion by 2029, mainly for the expansion of its network to a total of 619 stores and 6 logistics centers.

The company ended 2021 with a turnover of RON 5.39 billion, 14 percent above the level of 2020 and a net profit of RON 123 million in 2021, up 44.8 percent compared to the previous year.

“2021 was a year of success, we exceeded the first billion EUR and 300 stores, we reached 4 logistics centers and, again, for the seventh year in a row, we recorded the highest growth in the group,” said Daniel Gross, CEO of PENNY Romania.

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