Higher distribution sales for Hagebau

Hagebau, a German building materials and DIY retail cooperative group, has reported distribution sales of € 5.59 bn for 2012 according to a provisional estimate – an increase of just under 13 per cent. The figures relate to the sales of members of the cooperative in Germany, Austria, Luxembourg and Switzerland. Centrally-invoiced sales in the retail segment (Hagebaumarkt stores, specialist trade stores and other DIY stores) rose by 3.3 per cent. In comparison the amount of goods purchased through central office by the building materials, timber and tiling specialists was 19.1 per cent up on the previous year and valued at € 3.79 bn altogether. The company expects moderate sales growth for the current financial year.