”This year, we will also register a double digit sales growth, similar with last year. We cannot communicate the exact figures as we are listed on the stock exchange. This growth will be supported by the new products to be launched,” said Christian Mazauric, Brico Depot CEO.
According to the latest Finance Ministry data, Bricostore Romania reported a turnover of RON572 million in 2014, down 9% on the year, given the temporary closing of several Bricostore stores for rebranding.
In 2015, the company continued to register losses on the backdrop of investments in rebranding but it plans to switch to profit this year.
Brico Dépôt, part of British DYI retailer Kingfisher, entered the local market in 2013, when it bought the 15 Bricostore stores.