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Kirkel – 2012/02/01. On Tuesday, the management of Praktiker AG and the Group Workers’ Council reached an agreement on the reconciliation of interests concerning the move of the corporate headquarters from Kirkel to Hamburg. At the same time a social compensation plan was developed. It covers all personnel measures associated with the restructuring program as decided by the management board.

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KIRKEL – 2012/01/28. Today, Praktiker AG reached an agreement in form of a term sheet with a bank consortium led by Commerzbank. Existing bilateral lines of credit will be transferred into a joint credit arrangement. The scope of funds made available to Praktiker, a sum in the mid double-digit million euro range, will remain unchanged.

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KIRKEL – 5 January 2012. Praktiker Germany succeeded in stabilising sales in the fourth quarter of the financial year just ended and in keeping them at the prior-year level. International business, by contrast, continued to remain weak. Overall and according to as yet preliminary figures, the Praktiker Group generated net sales of 716.4 million euro during the last quarter. This is 4.5 percent down from the year earlier. During the first nine months of the past financial year, sales had still been receding by 8.5 percent.

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KIRKEL – 24 November 2011. A comprehensive investment programme to sharpen the two-brand strategy in Germany, a streamlined organisation with a common headquarter in Hamburg and an optimised store and country portfolio are to return the Praktiker Group to economic success in the medium term. The Supervisory Board of Praktiker AG approved the corresponding restructuring concept today. At the same time, the Management Board was downsized.

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Kirkel – 26 October 2011. In a mixed third quarter 2011 the sales decline at Praktiker Group slowed, but operating earnings (EBITA) before extraordinary effects declined more than during the first six months of the year. This was mainly owed to the fact that the required reduction of inventories – especially at Praktiker Germany – affected the gross profit margin. In addition, the persistent low level of consumer spending in the important international markets strongly affected the international business as a whole. Only Max Bahr improved its year-on-year sales and earnings and likely developed better than the German DIY sector as a whole again.

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