Bauhaus announces good results in Finland

German company is now planning to establish new stores in Finland and Estonia.

Bauhaus, the German retailer of construction materials, house and garden products, has increased its turnover significantly in Finland, where it has been operating since 2001. The company’s turnover increased by 11% in 2009 to EUR 121 million, with a profit of half a million euros. The company’s turnover growth bucked the general negative market trend, according to Rami Antila, managing director of Bauhaus in Finland.

Bauhaus currently has five stores in Finland, located in Oulu, Espoo, Vantaa, Raisio and Pirkkala. The company is looking to open seven more stores around the country, for which it has already reserved land in Kuopio, Jyväskylä, Lahti, Vaasa and the Helsinki capital city area.

Bauhaus is also managing its Baltic operations from Finland. In April 2010, Bauhaus opened its first store in Tallinn, Estonia, which has already taken a big share of the market, according to Antila. He believes that Estonia has great growth potential, confirming that Bauhaus is also looking for sites to open new stores there.

Bauhaus now has more than 200 stores in 14 European countries.

Source: Kauppalehti