Skopski Pazar AD Skopje
Skopski Pazar AD Skopje operates as a department store retailer in the Consumer Cyclicals sector, generating revenue primarily through the sale of consumer goods in physical retail locations.
Business. Skopski Pazar AD Skopje (SPAZ.MKE) is a department store retailer headquartered in Skopje. The company operates within the Consumer Cyclicals sector, specifically focusing on the Department Stores industry. It is listed under the ticker SPAZ.MKE. Specific details regarding operating segments and geographic revenue mix are not available.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Synthesis
Skopski Pazar AD Skopje (SPAZ.MKE) is a department store retailer headquartered in Skopje. The company operates within the Consumer Cyclicals sector, specifically focusing on the Department Stores industry. It is listed under the ticker SPAZ.MKE. Specific details regarding operating segments and geographic revenue mix are not available.
Skopski Pazar AD Skopje reported negative operating and net income in the latest period, with operating income at -1,139,000 MKD and net income at -5,559,000 MKD. The company's liquidity position could not be assessed due to the absence of balance-sheet inputs and no mention of going-concern language in the source documents. This lack of liquidity data limits the ability to evaluate the firm's short-term financial health and operational flexibility.
Profitability metrics are weak, with the company reporting a gross profit of 42,627,000 MKD but failing to convert this into positive operating or net income. This performance is below the typical expectations for a department store retailer, where gross margin efficiency and cost control are critical to profitability. The absence of valuation snapshot data further limits the ability to benchmark against industry peers.
The company's revenue is concentrated in a single business segment and geographic market, as disclosed segments are not available and no international operations are mentioned. This lack of diversification increases exposure to local economic conditions and consumer spending trends.
Growth trajectory is unclear due to the absence of historical revenue data and forward-looking guidance. The company's recent financial performance, marked by negative operating and net income, suggests operational challenges that could hinder growth unless addressed.
Risk factors include the inability to assess liquidity risk, which is a red flag for short-term solvency. The company also faces dilution risk, though it is currently rated as low. No recent events, such as filings or transcripts, are available to provide additional context on the company's strategic direction or risk profile.
- Skopski Pazar AD Skopje reported negative operating and net income in the latest period, indicating operational inefficiencies.
- The company's liquidity position could not be assessed due to missing balance-sheet data and no going-concern language in source documents.
- Revenue is concentrated in a single segment and geographic market, increasing exposure to local economic conditions.
- Growth trajectory is unclear due to the absence of historical revenue data and forward-looking guidance.
- "margin_outlook_rationale": "Gross margin remains positive but insufficient to offset operating and net losses, suggesting margin compression or cost overruns.",
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- Skopski Pazar AD Skopje Market data — financials · 2026-05-29
Ownership & reference
Leadership
- Armend EtemiMember of the Management Board
- Besar EtemiMember of the Management Board
- Ozchan DautMember of the Management Board
- Velimir ShipovikMember of the Management Board