Czech Republic, European online grocer Rohlik Group announced a 53% rise in net revenue to €490 million in the last financial year as it seeks expansion across the EU.

In the last year, Rohlik launched operations in Germany, adding to its existing reach into Austria, Hungary and the Czech Republic. This year it plans to further expand operations in Germany while moving into Italy, Romania and Spain.

As with many larger online operations, the company has benefitted from the pandemic surge in e-commerce. At the same time it has raised investment to automate its warehousing to aid expansion.

“We are pleased not to see a post-pandemic softening or a slowdown in growth,” founder and CEO Tomáš Čupr said.

“Not only is our core Czech market EBITDA profitable since 2018, all of our four existing markets are on a path to be contribution profitable in the upcoming fiscal year,” he said, referring to earnings before interest, tax, depreciation and amortisation.

In its latest funding round in July last year, the online grocer raised €100m, in a round led by Index Ventures, valuing the firm at €1bn.

While delivering 200 million parcels to European customers in the last year, it plans to invest heavily in growth in the coming years. Amongst its plans are to automate its distribution centres in Munich, Hamburg and Prague.