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Praktiker reports 6,2% jump in sales

01 November 17 - RE+D Magazine
Praktiker reports 6,2% jump in sales

COMPANIES

NBG PANGAEA

REIΤ - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

GAIAOSE S.A.

Agency - GREECE

PEOPLE

Antulio Richetta

Director IBI Group

Aristotelis Karytinos

CEO of NBG Pangaea REIC NBG Pangaea REIC
Praktiker Hellas on Wednesday said its sales grew 6.2 pct to 177.5 million euros in 2016, from 176.1 million in the previous year, with pre-tax earnings totaling 4.2 million euros (3.0 million in 2015).

 

The company attributed this improved results to an efficient management plan of controlling costs and spending and improving inventories which helped the company to maintain its bank borrowing to zero levels and its cash reserves at 8.7 million euros.

Praktiker Hellas inaugurated a new store in Rhodes island in July 2016, while investments in 2016 totaled 2.4 million euros.

The company raised its workforce by 7.7 pct compared with 2015 and its payroll cost rose 7.8 pct.

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