Praktiker will not leave Eastern Europe

According to the president of the company, Praktiker does not intend to discard its Eastern European interests.

Thomas Fox, told that they really plan to review the portfolio, in order to improve profitability, but in his opinion now practicability is the primary goal. The Praktiker would need at least 300 million euros to implement the changes which could help the group to become profitable again. Last year, Praktiker Group’s losses exceeded more than half a billion euros. (MTI)