DIY business growing

The Dutch Maxeda Group has presented its figures for the 2007/2008 financial year (31 January 2008). According to these, its Dutch and Belgian stores (Praxis, Formido, Brico and Brico Plan-It) achieved sales of € 1.44 bn, 5.8 per cent up on the previous year. EBITDA rose by 9.3 per cent to € 153 mio. At the end of the fiscal year the group had 342 DIY stores, 13 more than in the previous year.