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dm completes HUF 5bn logistics base near Budapest

Cosmetics and household products chain dm drogerie markt has completed a HUF 5bn logistics base on the outskirts of Budapest, logistics manager Zoltán Mayer said on Thursday.

The 23,700sqm warehouse has 34 docks, Mayer said.

dm's Hungarian unit had revenue of EUR 230m in its business year ended March 31 and it expects about the same in the current business year.

dm operates 255 shops in Hungary. The shops employ 2,230 people and give part-time work to 359 students. (MTI-Econews)