Baumax Faces Stagnation

CompaniesRetail & Consumer ♦ Published: February 24, 2012; 09:22 ♦ (Vindobona)

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…