Rohlik Group cuts loss by a third to 1.6 billion crowns

Rohlik Group, founded by billionaire Tomáš Čupr, delivered better results than it had expected itself: in the financial year running from last May to this April, its loss shrank by roughly a third to 1.6 billion crowns, while revenue grew 28% to reach 36.1 billion crowns.

Back in May, at a press conference, Čupr had put forecast revenue at around 31.7 billion crowns. The actual figure came in noticeably higher, at 36 billion crowns — a year-on-year increase of almost a third. At the time, the company had also expected to reach net-profit break-even in the second half of the financial year, meaning revenues would match expenses.

In the current financial year, Rohlik Group intends to hold on to its operating profit. Another important milestone for the company is a positive free cash flow — that is, its ability to generate cash: according to the annual report, it is currently running at roughly the level of operating cash flow.

Among the company's main goals for this year is also reaching break-even for its German business. It is precisely the German market — still at an early stage of development — that Rohlik Group sees as key to the group's further growth.

By the Around Prague newsroom