Baustoffh ndler Quester an Hagebau beteiligt
Article Abstract:
Vienna-based Quester , which claims to be Austria's biggest building materials trader, has become partner and shareholder of Hagebau sterreich, the Austrian subsidiary of the German building materials trader and DIY group. With Quester, Hagebau becomes the market leader in building materials trade and the third-biggest the among DIY chains in Austria. Turnover will rise from Sch 7.5bn in 1997 to Sch 10bn. By 1999 Hagebau's total selling area is to rise to up to 140,000 sq.m. Quester expects the cooperation with the German-based group to yield a 50-75% increase in profitability, which already now is considerably higher than the average 1-2% profit ratio on the Austrian market. In 1997 the 18 outlets of Quester generated a turnover of Sch 2.3bn. Quester does not rule out entering into the DIY market in the medium term as a franchisee of Hagebau, although it has no such plans at the moment.
Comment:
Becomes partner and shareholder of Hagebau Osterreich, Austrian subsidiary of German building materials trader and DIY group
Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1998
Hagebau Osterreich, Quester Baustoffhandel GmbH
Verkehrsb ro geht k nftig mit Eurotours im Gep ck auf Reisen
Article Abstract:
Eurotours Gesellschaft m.b.H. of Kitzb hel, which claims to be Austria's biggest incoming travel agent, is to be acquired by sterreichisches Verkehrsb ro AG of Vienna. The incoming departments of the two companies are to be merged. They are said to complement each other, as Verkehrsb ro concentrates on travel agency business, commercial and corporate travel and city holidays (about 8,500 hotel beds). Eurotours is active also in the holiday hotel business. Together with Eurotours, Verkehrsb ro is to increase additional services to hotel guests. The brands Eurotours, Austropa and Austrian Holidays will be maintained. In 1998 Eurotours expects a turnover of just under Sch 1bn, up 25%. Verkehrsb ro's turnover in 1997 amounted to about Sch 4.5bn. Eurotours was sold by Hans-Dieter Toth, who gets a 10% stake in Verkehrsb ro.
Comment:
To acquire Eurotours Gesellschaft
Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1998
Travel Agents, Travel Agencies, Eurotours Gesellschaft m.b.H., Verkehrsb ro AG
AUSTRIA: HAGEBAU CHALLENGING OBI
Article Abstract:
German building materials trading cooperation Hagebau is hoping to gain some franchisees of its German competitor Obi, whose contracts are expiring, to join the Hagebau organisation. Hagebau claims that it gives its franchisees more freedom than Obi. Hagebau expects its centrally settled turnover in Austria to rise to Sch 3bn in 1999 from Sch 2.4bn in 1998. The combined turnover of the 108 outlets is estimated at Sch 11bn. Hagebau estimates that the fall of prices in the DIY and builders' merchant trade has come to an end. The company predicts that within 5-6 years the number of chains on the market may have fallen to 3-4 from 5-6 at present. However, no reduction is expected in the number of outlets.
Publisher: Unabhaengige Tageszeitungs fuer Oesterreich
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1999
Strategy & planning, Germany, Hardware Stores, Hagebau Handelsgesellschaft fur Baustoffe mit beschraenkter Haftung und Company KG
Subjects list: Austria, Article
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