In the 2017 financial year, the german DIY retailer OBI, part of Tangelmann Group, achieved net revenue of € 6.18 billion – an increase of 1.7 percent compared to the previous year. At the end of the year, OBI operated 655 stores in 11 countries from which 352 of those locations are in Germany.
In Austria, the Czech Republic, Slovenia and Slovakia OBI continued to expand its leading position in Central Europe after the acquisition of 68 competitor stores in 2015. The focus of business activities is on continued development to become the leading cross-channel solution provider in the home improvement market. To this end the DIY retailer established the innovation unit “OBI next”: a project that develops innovative product concepts for the leading DIY company.
Otherwise, the Tengelmann Group completed its 151st year with consolidated net revenue of € 7.5 billion, or an increase of 3.8 percent. This positive result was achieved in large part by the retail business units OBI, KiK, TEDi and babymarkt.de, which were again able to continue developing their leading position in the respective market segments.
OBI, part of german Tangelmann Group, is now the undisputed leader in the domestic German market and in ten other European countries and therefore the driving force of the entire construction and DIY industry.
The cross-channel offering at obi.de was expanded in the past year to include more than 130,000 products. OBI therefore now offers its customers a much larger spectrum with additional brands that go beyond the product mix in the stores.
As of the end of the 2017 financial year, the 655 OBI stores generated net sales of 6.18 billion euros with 45,183 employees.
This article is part of the CEE DIY retail category from www.bricoretail.ro B2B publication and bring together news, in english, from Central and East Europe related with DIY and home improvement retail