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Praktiker Magyarország revenue falls 10% in Q3

Food

German do-it-yourself chain Praktiker's revenue in Hungary fell 9.8% to €30.6m in the third quarter from the same period a year earlier, Praktiker Magyarország told MTI on Wednesday.

Excluding the effects of exchange rate changes, sales declined 11.5%.

Revenue fell 6.1% to €80.2m in Q1-Q3 from the same period a year earlier. Excluding the effects of exchange rate changes, revenue dropped 7.3%.

Praktiker has 19 stores in Hungary. It recently shut down one of two in Szekesfehervar (NW Hungary).

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