Further growth

Praktiker, the German DIY multiple, has completed the second quarter of 2003 with growth in like-for-like terms. With net external sales of € 771.1 mio, the overall increase came to 7.4 per cent or 7.9 per cent in same-store terms. The German DIY retailer records growth of 17.0 per cent in eastern Europe. The quarterly report of parent company Metro puts particular emphasis on the above-average growth in Hungary and Greece, as well as “pleasing” business results in Romania. There was a decline of 6.0 per cent in western Europe, however. The foreign share of sales rose to 22.4 per cent at mid-year. Results for the entire first half of 2003 come to a like-for-like increase of 14.7 per cent. This figure reflects above all the campaign run in March to celebrate the group’s 25th anniversary in Germany.
Q2 2003
Q2 2003
Change total
Change l-f-l
Sales
€ 771.1 mio
7.4 %
7.9 %
Germany
€ 598.0 mio
5.5 %
7.1 %
Western Europe
€ 16.4 mio
-6.0 %
1.8 %
Eastern Europe
€ 156.7 mio
17.0 %
11.4 %
H1 2003
H1 2003
Change total
Change l-f-l
Sales
€ 1.4770 bn
14.1 %
14.7 %
Germany
€ 1.1877 bn
15.1
17.1
Western Europe
€ 28.8 mio
-8.4 %
-2.0 %
Eastern Europe
€ 259.5 mio
12.3 %
6.9 %