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Obi: concentrating on Poland, Italy and Russia
Tengelmann boss Haub names focal points for Obi expansion
The international focal points for expansion by the German DIY market leader Obi “are clearly Poland, Italy and Russia”, according to Karl-Erivan W. Haub, proprietor of parent company Tengelmann, speaking at the retailer’s financial statement press conference. “Up to 23 new or replacement openings are scheduled for this year,” Haub continued.
Outside Germany, Obi is now operating in ten other European countries: Italy, Austria, Hungary, the Czech Republic, Poland, Slovenia, Switzerland, Bosnia-Herzegovina, Russia and Romania.
In an otherwise more successful fiscal 2013, Obi was unable to make up for the poor start to the first quarter caused by the unseasonal weather, achieving net sales of € 4.07 bn. This equates to a decline of 0.9 per cent compared with the previous year (adjusted for currency effects: +0.6 per cent). The figure does not include the shares of franchisees. At all 567 outlets, thus including the 172 stores of franchise partners, Obi achieved overall sales of € 6.68 bn.
The international focal points for expansion by the German DIY market leader Obi “are clearly Poland, Italy and Russia”, according to Karl-Erivan W. Haub, proprietor of parent company Tengelmann, speaking at the retailer’s financial statement press conference. “Up to 23 new or replacement openings are scheduled for this year,” Haub continued.
Outside Germany, Obi is now operating in ten other European countries: Italy, Austria, Hungary, the Czech Republic, Poland, Slovenia, Switzerland, Bosnia-Herzegovina, Russia and Romania.
In an otherwise more successful fiscal 2013, Obi was unable to make up for the poor start to the first quarter caused by the unseasonal weather, achieving net sales of € 4.07 bn. This equates to a decline of 0.9 per cent compared with the previous year (adjusted for currency effects: +0.6 per cent). The figure does not include the shares of franchisees. At all 567 outlets, thus including the 172 stores of franchise partners, Obi achieved overall sales of € 6.68 bn.
