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Baumax Faces Stagnation
The Austrian building center chain records declining sales in real terms in Austria. Growth rates are observed in Eastern Europe.
Baumax Faces Stagnation / Picture: © Baumax
In 2011, inflation exceeded sales growth in Austria. While real sales figures are declining in the domestic market, the company reached a nominal sales growth by 5.0% in Eastern Europe. Sales grew by 3.0% in Austria. As the inflation rate totaled 3.3% last year, real sales are declining. Baumax did not publish profit figures. Sales totaled € 1.6bn.
Baumax, which was founded in…
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