Eurobaustoff: higher prices mean turnover rise

In the first half, via its 454 member companies Eurobaustoff generated centrally invoiced net purchasing turnover of around €4.2bn. Compared to the previous year, this corresponds to an increase of approximately 16%. The 35% increase recorded in Austria is primarily due to the basis of comparison ensuing from the several-week long lockdown in the respective period of 2020. Turnover figures in Switzerland improved by 10%, and a double-digit increase in turnover was also recorded for activities in the Netherlands. According to Dr. Eckard Kern, chairman of the Eurobaustoff management board, the company experienced supply shortages in many product areas during the first six months and, in this connection, also sharp price increases. Managing director Jörg Hoffmann is also of the opinion that the increase in turnover was primarily due to higher prices rather than higher volumes.

Furthermore, hoarding also played a certain role since - in addition to the wholesale and retail trade - craftsmen have also increasingly accumulated their own warehouse stocks and now, at the beginning of the second half of the year, are very reticent about making additional purchases. Eurobaustoff currently assumes that many timber ranges have meanwhile reached a peak price level, and anticipates that the situation will calm down during the course of the second half of the year. Concerning the year as a whole, the company currently anticipates a turnover increase in the upper single-digit range.

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