DM Croatia generates HRK 40m net profit
- by croatiaweek
- in Business
ZAGREB, Nov 12 (Hina) – DM-Drogerie Markt Hrvatska, health & beauty retailer concluded the 2019/2020 financial year, which ends in September, with a total turnover of HRK 2.25 billion, 2% more than the preceding financial year, and generated a net profit of HRK 39.86 million, the company reported on Thursday.
DM invested more than HRK 33 million in the 2019/2020 financial year for the modernisation of seven retail outlets. It opened three specialised departments for over the counter (OTC) medication and launched an online webshop.
“In a year when the entire community is faced with unforeseeable business conditions, we maintained our trend in growing turnover and retained the trust of our consumers. During the past financial year, DM stores had more than 79,999 buyers visiting its stores every day. We also recorded a sales growth in OTC products of 24.29%,” DM Hrvatska director Mirko Mrakuzic underscored.
He announced that DM plans to invest HRK 74 million in the 2020/2021 financial year to develop its retail network, expand the range of products and update its stores as well as expand its range for online shopping.
DM is focused on protecting the health of its workers, says Mrakuzic adding that the average take-home pay in their stores amounts to HRK 10,399. He added that DM has thanked its employees for their efforts in these extraordinary circumstances by giving them a bonus gift card valued at HRK 1,650 and that 98 days of further training had been organised involving 750 employees.
DM has 160 retail stores in 61 cities in Croatia and 1,592 employees and is the only drugstore of this kind that has an online shop in Croatia.