Praktiker is optimistic, despite recession

Praktiker reached a 41.8 billion HUF gross revenues in Hungary, in the 2009 business year. Despite the decline in purchasing power, Praktiker opened a new business in Esztergom and developing further its online store.

The 2009 business year was the hardest year of Praktiker, since the company entered the Hungarian market 12 years ago – said Karl-Heinz Keth, Managing Director of Praktiker, at the company's press conference in Budapest. Due to the negative impact of external environment, Praktiker gross revenue was 41.8 billion HUF in 2009, compared to the 50.187 billion HUF result of 2008.