Losses for Praktiker at home and abroad in 2010

Net sales of Germany’s Praktiker group of companies declined by 5.9 per cent to € 3.45 bn last year. Sales in Germany went down by 6.3 per cent to € 2.62 bn. While the Praktiker sales channel reports a loss of 8.5 per cent, the Max Bahr format remained nearly at the previous year’s level (-0.9 per cent), recording a sales volume of € 685 mio. Sales in the group’s international business went down by 4.8 per cent to around € 1.0 bn. The company believes that this development has been substantially caused by the reduction of disposable income in Romania and Greece, both of which are important markets for Praktiker.