Positive development

Preliminary figures indicate that the Bielefeld-based AVA group achieved a 1.3 per cent increase in consolidated sales for a total of € 5.7 bn. The Marktkauf DIY stores, which are currently undergoing a process of reorganisation, recorded sales up by 4.4 per cent to € 1.1 bn (2.6 per cent like-for-like). Company spokesman Helmut Metje interpreted these developments as a clear indication of the effectiveness of the reorganisational measures that had been introduced. The Marktkauf shopping centre in Moscow that opened in February 2003 has disclosed a 32.4 per cent increase in sales for a total of € 75.7 mio, which Metje says has “clearly” exceeded expectations.