Auchan Magyarorszag, the Hungarian unit of French retailer Auchan Group, has revealed that it saw an overall drop in sales of 1 per cent through 2010.
Speaking to Hungarian press, managing director Jean-Paul Filliat said that, while sales were down to Ft225bn (€820m) year-on-year, the results were not bad given the 2.3 per cent contraction of the country's retail market.
The group is holding off on opening any new units this year, and may only open one unit in 2012, Mr Filliat revealed, saying that the group would not want to make a loss on any additional outlets.
For 2012, the group is forecasting a 3.5-4.5 per cent increase in sales, which Mr Filliant noted would represent an 'outstanding result' given the difficulties of 2010.
