Euronics International - News - Europe's largest buying group for consumer electronics

Poland:
Mediaexpert SP Z O.O. – New member of EURONICS International

Rome, 14 June 2012 - With effect of June 1^st 2012 one of the leading retail organisations in Poland, Mediaexpert SP Z O.O., will join Euronics, the biggest European buying group in the consumer electronic market. Marcin Filipowicz, Chairman of Media Expert, comments ‘after many years of positive growth of Mediaexpert in the Polish market it is strategically very important to safeguard the very good national market position by joining the qualitatively strongest international retail group which fits perfectly to our own DNA.’ Klaus Lahrmann, MD Euronics International adds ‘by joining forces both partners will be in an excellent position to benefit from easch others strength’.

With currently 270 high quality sales outlets located all over Poland (average size >1000m2), offering the widest range of products and services, Mediaexpert has a broad and efficient coverage in the country. Specifically in the cities up to 100k people, Media Expert has a dominant (nr. 1) position. Within their expansion strategy even more stores will be opened in new cities in the near future. With an annual turnover of close to 600 mln EUR, Mediaexpert contributes significantly to the total revenue of Euronics International.

EURONICS International, Europe's largest buying group in the CE market, achieved a sales volume of more than Euro 16 billion in the 2011 financial year. EURONICS International is represented in 30 European countries at more than 11,000 locations and thus reaches over 600 million consumers.

Managing Director Klaus Lahrmann