German retailer Tengelmann FY sales up, outlook cautious
date:Jul 17, 2013
year, the view for 2013 is cautious optimism. The catastrophic flood that affected a wide part of Bavaria and eastern Germany, Austria, the Czech Republic and Poland had massive consequences for the group. More than 80 branches were temporarily closed or damaged by the high waters. Sales losses also occurred in markets that could not be supplied due to the severe flooding.
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