DIY Chain Praktiker's 1Q Sales In Romania Fall 30% To EUR25.8M

04.29.2011 By Andrei Circhelan

German DIY retailer Praktiker on Friday reported a 29.5% drop in first quarter sales in Romania, to EUR25.8 million, citing difficult macroeconomic conditions.

German DIY retailer Praktiker on Friday reported a 29.5% drop in first quarter sales in Romania, to EUR25.8 million, citing difficult macroeconomic conditions.

Calculated in Romanian lei, sales fell 27.7% on the year.

Praktiker has 27 stores in Romania.

Praktiker sales outside Germany dropped 8% in the first quarter of the year, to EUR176.6 million, while the loss before interest, taxes and amortization widened to EUR18.9 million, from EUR11.6 million in January-March 2009.

Romania's top DIY players include Dedeman, Praktiker, Bricostore, bauMax, Ambient, Hornbach, Obi and Mr. Bricolage.