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Mr. DIY grows at lower growth rates

Mr. DIY operates 566 stores in Malaysia and four in Brunei.

Mr. DIY operates 566 stores in Malaysia and four in Brunei.

The Malaysian retail chain Mr. DIY is continuing to grow, although not as fast as previous years. Same store sales growth was 4.6 per cent from January to August 2019 compared with the same period of the previous year. In 2017, the growth rate on a comparable basis was 6.5 per cent.

Mr. DIY's revenues have grown by 46.3 per cent annually from MYR 827.5 mio (Malaysian ringgit, EUR 174.33 mio) in 2016 to MYR 1.771 bn (EUR 379.81 mio) in 2018.

Mr. DIY Malaysia is an investment holding company with retail subsidiaries that sell home improvement products and mass merchandise in Malaysia, where there are 566 stores, and Brunei, where there are four. The chain is currently planning to float on the stock exchange in Malaysia. Its operations in other countries - including Thailand, Indonesia, the Philippines and Singapore - are not part of the public offer.

The trade magazine DIY International will report in detail on the company and analysts' appraisals in its 2/2020 issue. Interested? You can preorder from Sandra Schwald at +49/7243/575-144 or s.schwald@daehne.de or directly at www.daehne.com/diyinternational-mag.

|12 March 2020 | 12:13


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