Praktiker
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| Type | Aktiengesellschaft |
|---|---|
| Traded as | FWB: PRA |
| Industry | Retailing |
| Founded | 1978 (Luxembourg) |
| Headquarters | Kirkel, Germany |
| Key people | Josef Schultheis (CEO and acting chairman of the management board)[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 |  (€34.8 million) (2010)[2] |
| 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 |
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.
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[edit] Operations
[edit] 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
[edit] 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 | 1 | |
 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 eight countries: Luxembourg, Germany, Hungary, Greece, Turkey, Poland, 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.
In Moldova, the first hypermarket should be opened in 2009 in Chişinău.
[edit] References
[edit] External links
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