“We are to begin construction of the tenth store in Romania in the future,” Hornbach Romania representatives replied to ZF’s question about 2023 plans.
They did not say where exactly that would be but Horia Mugurel Rosu, Hornbach Romania’s CEO in 2021 said the retailer had an about EUR80 million investment budget for the next few years in Romania, when it planned to open three stores – in Constanta, Bucharest (Colentina) and Timisoara. The new store therefore might be in Bucharest or Timisoara.
Average investment in a Hornbach store stands at EUR27 million, the company has previously said.
The year 2023 started in line with the current context, with better figures than last year but cautious, Hornbach officials said. The financial results will be announced once those of the group have been published.
(English version by Loredana Fratila-Cristescu)