Frisco.pl has been generating losses of between PLN 12 mln and PLN 13 mln and this has held true for the last three years. “We are still at a stage where we are investing heavily. With our business model we expect it to take us a year or more till we start making a profit. Before this time comes, we should have certain individual profitable months,” claims Grzegorz Bielecki, a board member of Frisco.pl.
Service from the inside
The company, which is owned by MCI Management and Eurocash, opened a new 11,000 sqm distribution centre at Panattoni City Logistics Warsaw I in Klaudyn near Warsaw last May. At its heart is a huge automated warehouse (which they call a ‘shuttle’), which is able to pick out around 190,000 items a day to assemble the company’s orders. This comes to around 132 items a minute. Without human hands, the machinery picks out products from 36,000 separate compartments. “This means we can handle more orders at a lower cost,” poin