Euronics International posts record revenues

Europe's biggest group of independent retailers in the consumer electronics market, realised record revenues of EUR 12.6 billion in the elapsed financial year.

 The international alliance oparets at
over 11,500 locations in 28 countries and are reaching more than 600
million consumers across Europe. With new members joining in
Albania, Luxembourg, Spain, Portugal and the Baltic region in 2008,
EURONICS International today represents a purchasing volume for the
industry of around EUR 6.4 billion. In 2008, the group is expecting
a revenue increase of 9 to 10 percent.

With revenue growth of around 17%,
EURONICS International grew much faster in 2007 than the total
European market, which rose merely by 4%. The main business segments
of the alliance in terms of revenue are the consumer electronics,
household appliances and PC/Multimedia fields. Mobile navigation and
communication systems remain among the key growth drivers.