Hagebau has sales record in its sights

The German builders’ merchant and DIY store group Hagebau has marked its 50th anniversary with a significant rise in sales. From January to May 2014 the 364 speciality and retail partners of Hagebau invoiced goods and services to the value of € 2.6 bn via the central office. This equates to growth of 17.8 per cent compared with the same period in 2013. The management expects a considerable increase in sales in the upper single-digit percentage range for 2014 as compared with the previous year.
The speciality trade, which grew by 13.6 per cent up to the end of May, was outdone by the retail side of the business. External sales alone of the Hagebau stores were up by 35.2 per cent, with like-for-like sales up 16.7 per cent. The building materials business achieved growth of 12.8 per cent, while the timber trade grew by 17.2 per cent.