DM Drogerie Markt Hungary revenue edges up in 2010/11 business year
The Hungarian unit of German-owned cosmetics and household chemicals retailer DM Drogerie Markt had turnover of €225m in its business year ended September 30, up 3.5% from the previous business year, managing director Wolfgang Strasser said at a press conference on Thursday.
Consolidated revenue of the parent company was up 10% during the period, Strasser said.
DM has a 52.6% market share in Hungary. It has 255 shops at present, having opened seven and closed seven in the last year.
DM does not aim to open new stores at any price, rather it wants to concentrate on "quality expansion" modernizing, and sprucing up stores, Strasser said.
DM employs 2,251 people in Hungary.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.