DGAP-Adhoc Praktiker Bau- und Heimwerkermärkte Holding AG: Praktiker acquires operational business of Max Bahr
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Praktiker Bau- und Heimwerkermärkte Holding AG / Acquisition
16.08.2006
Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.
Kirkel, 16 August 2006 - Praktiker Bau- und Heimwerkermärkte Holding AG istaking over the operational business of Max Bahr Holzhandlung GmbH & Co.KG. A corresponding agreement was signed by the two contracting partnersin Hamburg on Wednesday.
In its last financial year (01.03.2005 - 28.02.2006), Max Bahr´s net salestotalled EUR 726 million at 77 locations with a total sales area of 513,249m². Together with Max Bahr, the Praktiker Group will achieve annual salesof almost EUR 4 billion.
Praktiker is expecting a positive earnings contribution, startingalready in the first complete financial year.
By acquiring Max Bahr, Praktiker is improving its strategic position. Theexpansion into attractive East European markets will continue as planned.Equally, the Easy-to-shop concept shall be rolled out in Germany from 2007, as planned. These two strategic concepts will be supported by a two-brandstrategy in Germany with Praktiker as a discount-orientated brand and MaxBahr as a premium brand. As a result, additional customer groups shall beaddressed.
This transaction is still subject to clearance by the Federal CartelOffice.
Key data Praktiker-Group Praktiker Germany Max Bahr
Net sales 2005 (EUR bn)* 3.03 2.26 0.73
Number of stores (end of 2005) 340 275 77
Sales area (qm) 2,011,823 1,549,259 513,249
* Financial year Max Bahr: 01.03.05 - 28.02.06
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DGAP 16.08.2006
Language: EnglishIssuer: Praktiker Bau- und Heimwerkermärkte Holding AG Am Tannenwald 2 66459 Kirkel DeutschlandPhone: +49 (0)6849 95-00Fax: +49 (0)6849 95-2285E-mail: investorrelations@praktiker.deWWW: www.praktiker.deISIN: DE000A0F6MD5WKN: A0F6MDIndices: MDAXListed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service
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