The Polish retailer Gino Rossi is seeking to restructure its debt this year and despite the tough market environment and hopes to expand its income by 9 percent. “Out strategy for this year is to increase revenues to PLN 228.6m, while EBITDA profit is expected to grow to PLN 14.1m (+25 percent),” the company said in a statement.
Gino Rossi hopes its sales will grow by 14.5 percent in 2013, and says its main goal for this year will be rebuild liquidity. However, it does not plan to close any of its 66 stores. “Our capital is to increase by PLN 3bn,” it writes, a financial boost that should allow the company to fulfill its sales potential. Gino Rossi is currently considering several different re-financing options.
