Hagebau: DIY business in the black

For the first quarter Hagebau announces a decline of 1.5 per cent to € 869.8 mio for centrally invoiced sales in Germany (including distribution centres). The cooperative group’s revenue from builders’, timber and tiling merchant outlets in Germany and Austria, plus DIY stores, reached € 908.9 mio (-2.2 per cent). The specialist dealers suffered a 7.1 reduction of overall sales. The retail division made a successful start to the new year, when the 291 Hagebaumarkt stores increased their first-quarter sales by 1.8 per cent on last year’s result.