September 23, 2018

Praktiker Romania: sales drop 11.2 % in Q1 2012

Praktiker Romania’s sales in the first quarter of this year amounted to EUR 32.1 million down 10.6 %. The German DIY retailer’s sales on the local market have been on downward trend since 2008. In the first quarter of this year, Praktiker’s sales outside Germany went down 12.1 % y-o-y, totaling EUR 155.2 million. The Praktiker Group operates – including Max Bahr – around 440 home improvement and DIY centers in nine countries. About 110 stores are outside Germany, 27 of which are located in Romania, its largest external market. The retailer also has operations in Luxembourg, Greece, Poland, Hungary, Turkey, Bulgaria, Ukraine and Albania. In the Q1 2012, the Praktiker Group generated sales of EUR 663 million similar to the level of the year-earlier period (EUR 666.4 million). In Germany, the company succeeded in increasing sales again by 3.7 % to EUR 507.8 million for the first time after nine quarters of continued decline.

Source: Business-Review (read more)

You also cannot completely rule out the possibility of them getting caught up in an emergency situation such as accident or kidnapping

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