Austrian confectionery chain Aida considers Swiss expansion
The traditional Viennese café confectionery chain Aida is looking to expand in the DACH region. Aida Managing Director Dominik Prousek told the Austrian "Wirtschaftsblatt" that a few hundred branches in neighboring countries are conceivable.
Founded in 1925, the company currently operates 30 locations in Austria and a further seven through franchisees abroad, in Qatar, Kazakhstan, Bosnia and Herzegovina, Croatia and Saudi Arabia.
In the 2014/15 fiscal year, Aida generated sales of around 23 million euros, while profits were only 60,000 euros. This was due to a rent repayment for 20 stores amounting to 950,000 euros, according to the Business Journal. In 2015/16, Managing Director Prousek expects sales to grow by around five percent to 24 million euros. Profit is expected to be around 500,000 euros. (ah)
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