Despite all the rumors that spread this year, Praktiker Romania’s parent company in Germany has made no decision and does not have any plan to sell a subsidiary as important as its Romanian one is, Krahn said. He added that even though shareholders in every company debate proposals and strategies to optimize profit it is a long way from intent to implementation, especially when a several hundred million euro business is at stake.
Praktiker has a 27-store network in Romania, whose sales reached EUR107 million in the first nine months of the year, down 8% in euros on the same time of last year.
The decline was lower in lei, which may mean a start of stabilization considering that the third quarter came with a slight increase in sales in lei, after almost four years of decline.
The decline of the last few years cost Praktiker its number one position on the market by sales, which went to Romanian-owned Dedeman that stepped up expansion process in the exact same years.
(English version by Loredana Fratila-Cristescu)