Growth for Maxeda

The Netherlands Maxeda Group recorded sales of € 1.361 bn from its total of 329 DIY stores in the Netherlands and Belgium in the 2006 financial year. This amounts to sales growth of 6.1 per cent over the previous year. The group was also able to increase its EBITDA by 18.8 per cent to € 139 mio. The Maxeda Group is the market leader in Belgium, where it has 116 Brico and seven Brico Plan-It outlets. The group had 134 Praxis and 72 Formido stores in the Netherlands at the end of 2006.
Altogether the group had 1 600 retail outlets in operation at the end of the 2006 financial year and sales of € 3.983 bn, amounting to 5.3 per cent more than the previous year.