Studenac does not give up on ambitious expansion plans even without an IPO

Their revenues grew by 22 percent last year, to 816.5 million euros, and EBITDA profit grew by 18 percent, to 78 million.

Fast-growing supermarket chain Studenac nurtures high ambitions - RetailDetail EU

Studenac, one of the fastest-growing food retailers in Central and Eastern Europe, saw sales rise 22% in 2024 and aims to grow to 3,400 stores by the end of 2028, partly through acquisitions. Market consolidation Croatian food retailer Studenac’s revenue rose 22% to 816.5 million euros last year. Adjusted EBITDA went up 18% to 78 million euros. On a like-for-like basis, revenue rose 11%. In addition, the company opened 140 new stores and also ma…