Hagebau tops four billion in 2010

Last year saw Hagebau, a German building materials and DIY retail cooperative, increase its centrally invoiced sales by 8.0 per cent to € 4.43 bn. Growth in Germany amounted to 8.3 per cent and a total of € 4.15 bn. This positive sales trend at Hagebau Germany, which also includes sales from Luxembourg and Switzerland, is mainly down to trade business, which expanded by 12.9 per cent to € 2.59 bn. Growth on the retail side (288 Hagebaumarkt stores, 24 Werkmarkt outlets, 30 other DIY stores in Germany and 49 DIY stores in Austria) turned out to be perceptibly weaker: the increase here was just 0.5 per cent.