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Insights for the Food and Grocery Industry

Bingo is crowned as the most profitable grocer in Bosnia and Herzegovina

A local portal, Capital, analysed the earnings of the top five food retailers in the Bosnia and Herzegovina region. As per the market research firm, in 2021, the grocers enjoyed a surge in profits compared to the previous year (2020), achieving a total of BAM 170M (€86.9 million).

  1. Tuzla-based Bingo earned BAM 86 million (€44 million) in profits on revenue of BAM 1.4B (€716 million) for the year 2021. 
  2. Konzum, the second-largest food grocer in the region, is owned by Croatia’s Fortenova Group. Konzum gained a profit of BAM 33.2 million (€17 million) on a turnover of BAM 352.6 million (€180 million).
  3. FIS, owned by local businesswoman Snezana Gudelj, became the third-largest grocer and attained BAM 31.8 million (€16 million) in profits, in addition to gaining a turnover of BAM 338.8 million (€173 million). 
  4. Fructa-Trade accomplished a profit of BAM 12 million (€6 million) in profits on revenues of BAM 206 million (€105 million). 
  5. Sarajevo-based Robot reported a profit of BAM 4.9 million (€2.5 million), while turnover increased up to BAM 208 million (€106 million).

To read more, visit ESMMagazine 

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