Germany: Globus increases sales to over 8.9 billion dollars

The Globus group has, in the past financial year of 2016/2017 (1 July 2016 to 30 June 2017), made a turnover of 8.87 billion USD. Compared to last year, the group increased their turnover by 516.4 million USD (6.2 percent) and achieved an EBIT of 316 million USD (4.1 percent of net turnover).

"We have developed the services for our customers and our productivity. This growth is due to the Globus hardware stores and Globus Russia. The developments of the warehouses and Globus Czech show that we are going in the right direction," says Christian Heins, chief financial officer of Globus Holding. Compared to last year, the turnover of the Globus hardware stores increased by 5.2 percent to 2 billion dollars. 3.9 billion dollars of the total turnover came from the German warehouses, which is a steady growth of 1.6 percent.

Photo: Globus

Globus Russia made a turnover of 1.6 billion USD (95.95 billion Russian Rubels) and increased by more than 25 percent. Globus increased their turnover in the Czech Republic by 22.7 milion dollars to 1,144.5 million dollars (1,123.1 million without hardware stores). "We look at this success as a seed for the future: It stays in the business and serves as a basis for investments that will make it possible for us to stay relevant. We have once again given a large share to our 9,000 employees that work for our company," according to Thomas Bruch, executive partner of the Globus Group.

Source: Globus Gruppe