German Hagebau raised its centrally invoiced revenues slightly in the second quarter after a 3.6% fall in the first three months. The co-operative posted a 1.5% upswing to €1.36bn during the period. Hagebau had reported revenues of €1.45bn in the first three months. Some €2.81bn had hence been invoiced via the Soltau headquarters during the first six months. The total was 1.9% lower than last year’s record. However, management spokesperson Heribert Gondert said that Hagebau’s revenues were in line with expectations given strong growth in the same period last year for weather-related reasons. Moreover, significant catch-up effects were palpable in June. July had also been a good month. Mr Gondert said that the Hagebau co-operative intends to book centrally invoiced revenues of more than €6bn again in the full year. Its then 367 members purchased about €6.1bn through the headquarters in the 2014 financial year.
Hagebau’s revenues increased by 1.5%
© 2015 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The individual articles, tables and other contents published by EUWID are protected by copyright and are provided exclusively for the client's own use and the use of the client's employees. In the absence of a more extensive licence agreement, only one copy may be printed for circulation at a single business location designated by the client. Digital distribution of EUWID contents, especially by intranet or by e-mail, within a company, throughout a group of companies, or outside a company is not permitted and constitutes an infringement of copyright law. Read more in our FAQ.