Dedeman turnover could reach €245 mln this year

Dedeman’s turnover from the construction material division, which has a 90 percent ratio, could reach some €230 mln by the end of the year, with consolidated turnover exceeding €245 mln, from Dedeman Automobile and Dedeman Camioane (trucks) divisions. 

Cristina Catea, Dedeman’s Public Relations Manager, said that the €35 mln budget assigned early in the year will be supplemented by €12 mln in 2008. The funds will be used to finalize the company’s first distribution center in Bucharest, and begin construction on a commercial center in the northern Romanian city of Bacau. Dedeman owns 10 construction material retail centers and will open a further two this year. 

The Romanian construction market is valuated at €3-€3.5 billion. Dedeman’s competitors are Arabesque, Praktiker, Bricostore, BauMax, Hornbach and Mr. Bricolage.