Sales growth in all ten countries

06.11.2003

The annual report presented by Obi’s parent company reveals a 5.2 per cent profit

The annual report for the 2002/2003 financial year (1 May 2002 to 30 April 2003) produced by the multiple’s German parent company, Tengelmann, reveals that the Obi chain achieved sales of € 4.68 bn over that period. This amounts to an increase of 5.2 per cent. The total count on the reporting day came to 470 stores with a combined retail area of 2.956 mio m². The proportion of sales abroad now comes to around 28 per cent. The company currently has activities in ten different countries. On the point of being added to these countries is Russia, where there are plans for the opening of two outlets in Moscow in mid-November.
The company managed to increase the previous year’s sales by 14.4 per cent to the equivalent of € 107.9 mio in China. Here a total of nine new openings are planned for the current financial year. Sales in Italy amount to € 217.8 mio, which shows growth of 21 per cent during the reporting period. After a rise of 6.5 per cent, sales in Poland have attained € 274.5 mio. The current total of 22 stores is to be increased by three over the coming financial year. Obi can point to ten new openings in Austria during the recently completed financial year, with a further nine planned for the coming year. Turnover has increased by ten per cent to € 289.9 mio. The three stores in Switzerland recorded sales of € 66 mio, or 17 per cent more than the previous year. The stores in Hungary, which have risen to 13 in number following three new openings, report a 30 per cent increase to € 117.7 mio. The rate of growth in the Czech Republic also reaches a double-digit figure, with 16 branches achieving a turnover of € 175.4 mio. Obi now has three DIY stores in Slovenia following two new openings there; they achieved sales of € 36.86 mio. Two further outlets are planned here. Obi has had a presence in Bosnia-Herzegovina since March 2003.
You are able to find a detailed account of Obi’s international interests in the DIYglobal plus section of DIYglobal under the Trade topics heading.
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