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Praktiker reports appreciable growth of sales and earnings in the first nine months
Provisional figures show that, during the first nine months of 2005, Praktiker increased sales by 2.4 per cent, from € 2.28 bn to € 2.33 bn, over the same period last year. Praktiker's same-store sales in Germany remained at last year's level over the first nine months.
Praktiker's international sales climbed by 10.9 per cent in the first three quarters, from € 0.51 bn to € 0.57 bn. EBITA rose by around 40 per cent in the first nine months. Praktiker's distribution network encompassed 342 outlets at the end of the quarter, 277 of them in Germany and 65 abroad.
Metro is currently looking into a variety of strategic options for Praktiker. As well as the possibility of a sale, these include officially quoting the majority of the share capital on the stock exchange, and retaining it within the group. As the company explains in a press release, these provisional key figures for the first nine months have been published ahead of time for Praktiker on account of the ongoing assessment. No decision has been taken yet in favour of any one of the options.
Praktiker's international sales climbed by 10.9 per cent in the first three quarters, from € 0.51 bn to € 0.57 bn. EBITA rose by around 40 per cent in the first nine months. Praktiker's distribution network encompassed 342 outlets at the end of the quarter, 277 of them in Germany and 65 abroad.
Metro is currently looking into a variety of strategic options for Praktiker. As well as the possibility of a sale, these include officially quoting the majority of the share capital on the stock exchange, and retaining it within the group. As the company explains in a press release, these provisional key figures for the first nine months have been published ahead of time for Praktiker on account of the ongoing assessment. No decision has been taken yet in favour of any one of the options.
