Obi grows more strongly than parent company

Germany’s Obi DIY chain experienced stronger growth last year than its parent company, Tengelmann. Obi, the market leader in Germany, achieved a sales increase of 4.4 per cent to € 6.67 bn with its Europe-wide total of 579 stores. The Tengelmann Group’s growth amounted to 2.4 per cent.Obi’s plans for expansion are concentrated on Russia, Poland, Italy and Austria. Last year the company employed a workforce of 43 113.