News | Up 22 per cent in 2017

Back

Following a jump in sales, Praktiker Hungary modernises its stores

Praktiker Hungary wants to have modernised all of its currently 20 stores by 2023.

Praktiker Hungary wants to have modernised all of its currently 20 stores by 2023.

Praktiker Hungary has started an investment program and wants to have modernised all of its currently 20 stores by 2023. The first modernisation projects have already been completed according to reports by the industry service Bricoretail.ro. A start was made with the smaller locations, the larger ones will gradually follow.

The background is a strong sales growth in the DIY chain. In the past year the chain increased its sales by 22 per cent to HUF 47.8 bn (EUR 148 mio). This was announced by managing director Karl-Heinz Keth at a press conference in June. He then also expressed the expectation of achieving an increase in sales of 10 per cent in 2018. Keth, who still worked at the German Praktiker group, has a quarter share of Praktiker Hungary. In 2016 the Wallis Group took over the majority.

| 6 November 2018


More about the company
SEND
 PRINT 

Post a comment

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



(will not be published)

* obligatory fields


Latest news

Byggmax appoints Helena Nathhorst as new CFO

Swedish Byggmax Group has appointed Helena Nathhorst as new Chief Financial Officer. Helena Nathhorst is today CFO for Addnode Group. Before that View news...

Blackstone acquires CRH Europe Distribution

CRH Europe Distribution has been taken over by the Blackstone investment company. CRH ED has its headquarters in the Netherlands and is seen as the View news...

Bob Nardelli now advises hydroponics company Grow Generation

The former Home Depot boss Bob Nardelli now works for Grow Generation as a strategic advisor. He is expected to provide advice on matters relating to View news...

Byggmax DIY stores make 5.6 per cent more sales

The Swiss Byggmax group made sales of SEK 1.7990 bn (EUR 170.45 mio) in the second quarter of 2019 and thus achieved growth of 3.9 per cent. The View news...