News | Germany good, Austria and Switzerland not so

Back

Eurobaustoff retail grows by 15 per cent

“An excellent result for the first six months,” comments CEO Eckard Kern on the current development of Eurobaustoff.

“An excellent result for the first six months,” comments CEO Eckard Kern on the current development of Eurobaustoff.

Double-digit growth rates have been reported by the German building materials and DIY cooperative Eurobausoff. The retail division, i.e. the associated home improvement stores, increased its sales in Germany in the first half of 2020 by 15.4 per cent compared to the same period last year. The purchasing volume (not the sales) of the overall group in Germany, i.e. including the building materials trade, grew by 11.6 per cent.

"An excellent result for the first six months," commentsCEO  Eckard Kern on the development. He says the reason is the good economic situation in construction, but also the strong demand in the retail trade for assortments which provide embellishment. These include, for example, paints, wood in the garden and all other garden assortments. In addition, German retail customers also focussed on products relating to protection from coronavirus infection, such as masks and disinfectants.

The cooperative is concerned about the development in Austria and in Switzerland. "Construction sites were partly closed at times, the building materials supply trade was only able to continue working under strict regulations," says Hartmut Möller, chief executive officer for both the purchasing division as well as for the two national companies. He also estimates the further development in Austria and in Switzerland to be not quite as pleasing as in Germany.

|20 July 2020 | 12:32


SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Kingfisher CEO Thierry Garnier on the Global DIY-Network

It is probably the online event with the highest potential click rates that the Global DIY Network of Edra/Ghin and Hima has presented to date: View news...

Kingfisher brings Screwfix online to France

The UK's Kingfisher Group is now operating in France with its Screwfix brand, albeit only in the form of an online shop at www.screwfix.fr for the View news...

Siam Global sees double digit growth for the first quarter

Thai home improvement retailer Siam Global House posted double-digit growth in the first quarter of 2021, supported by stronger same-store sales and View news...

Spanish home improvement market to grow by 36 per cent

The Spanish home improvement market grew by 36.5 per cent in the first quarter compared to the same period last year. According to the industry View news...