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Strong Growth for bauMax
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Published: February 18, 2011; 00:39 ♦ (Vindobona)
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The do-it-yourself group increased its sales in Austria and Eastern Europe in 2010.
Strong Growth for bauMax / Picture: © Baumax
Sales of the DIY chain rose last year by 7% to € 1.5bn, a new record. The increase in Austria was 4%, with domestic sales reaching € 640m. Business in Eastern Europe has grown significantly stronger by 9% to € 860m.
CEO Martin Essl emphasized the plan to consolidate existing markets. Getting into new markets is currently not foreseen. Seven to eight new branches are to be…
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