Praktiker

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Praktiker Bau- und Heimwerkermärkte Holding AG

Type	Aktiengesellschaft
Traded as	FWB: PRA
Industry	Retailing
Founded	1978 (Luxembourg)
Headquarters	Kirkel, Germany
Key people	Thomas Fox (Chairman of the management board), Josef Schultheis (Chief restructuring officer)[1], Kersten von Schenck (Chairman of the supervisory board)
Products	Home improvement and garden centre retail
Revenue	€3.448 billion (2010)[2]
Operating income	€35.3 million (2010)[2]
Profit	(€554 million) (2011)[3]
Total assets	€2.031 billion (end 2010)[2]
Total equity	€839.9 million (end 2010)[2]
Employees	21,460 (FTE, average 2010)[2]
Website	www.praktiker.com

A Praktiker store in Bucharest, Romania

Praktiker activities

Praktiker is a German hypermarket chain offering home improvement and do-it-yourself goods. It is based in Kirkel, Saarland, and opened its first store in 1978. Initially owned by ASKO, the chain became a division of Metro AG after the merger of ASKO with Metro Cash & Carry in 1995. It was spun off as a fully independent corporation on 22 November 2005, listing on the Frankfurt Stock Exchange and becoming an MDAX constituent.

Operations

Germany

In 1979 Praktiker opened its first four stores in Germany. Over the years Praktiker took over many smaller companies and changed most of their stores into Praktiker stores:

• 1979: 9 "BayWa" stores
• 1985: 12 "Wickes" stores
• 1991: "Esbella", "Continent"
• 1993: "BLV", "MHB", "Massa", "Huma", "Extra", "Real-Kauf"
• 1996: 27 "Bauspar" stores
• 1997: 60 "Wirichs" stores
• 1998: 25 "Extra" franchise stores
• 2000: 27 "Top-Bau" stores
• 2006: 76 "Max Bahr" stores

Europe

Country	First store	Number of stores	Sales (thousands)
Germany	1979	3371	€2,862,100
Romania	2002	26	€231,400
Poland	1997	24	€305,700
Hungary	1998	20	€158,000
Greece	1991	13	€265,300
Turkey	1998	11	€92,400
Bulgaria	2004	9	€68,100
Ukraine	2007	4	€15,800
Luxembourg	1978	3	€40,300
Albania	2009	-
Moldova	2009	-

(¹) including the 76 Max Bahr stores, which Praktiker bought in August 2006.

As of 2006^[update], the chain operates 340 stores in nine countries: Luxembourg, Germany, Hungary, Greece, Turkey, Poland, Ukraine, Romania and Bulgaria.

In Bulgaria, the company operates 8 stores as of December 2007^[update]: two in Sofia (one of which in Lyulin) and one each in Varna, Plovdiv, Bourgas, Stara Zagora, Rousse, Pleven and Veliko Tarnovo. Several others are in construction or planning.

In Romania, Praktiker operates 26 stores: three in the capital Bucharest, two each in Iaşi and Timişoara and one each in Constanţa, Ploieşti, Brăila, Braşov, Oradea, Arad, Satu Mare, Baia Mare, Cluj-Napoca, Târgu-Mureş, Bacău, Craiova, Galaţi, Târgovişte, Deva, Piteşti, Buzău, Piatra Neamţ and Focşani.

In Greece, Praktiker has 13 stores: five in Athens and one each in Thessaloniki, Patras, Larissa, Volos, Ioannina, Kalamata, Xanthi and Heraklion. A new store, the second in Thessaloniki, will soon be opened.

In Turkey, there are eleven stores in Istanbul, Ankara, Izmir, Adana, Gaziantep and Konya.

In Ukraine, the first hypermarket was opened on November 29, 2007 in Donetsk.

In Albania, the first hypermarket was opened on October 30, 2009 in Tirana. It was closed on November 30, 2011 due to the restructuring.

In Moldova, the first hypermarket should have opened in 2009 in Chişinău, but to this day nothing happened.

References

External links

Wikimedia Commons has media related to: Praktiker

• Official website

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