Portfolio company news

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG


Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

20 June 2013

Maxeda DIY Group delivered resilient results

Maxeda DIY Group published its Annual Review 2012 – 2013. The Benelux DIY markets have faced significant headwinds in the last year. In this New Economic Reality Maxeda DIY Group continues to make progress in its strategic programmes and delivered resilient results.

Tony DeNunzio, Executive Chairman: “We are pleased with the strategic progress we made last year. we continued to renew our product ranges with major launches in Lier & Jambes (Brico), Amersfoort (Praxis) and Hellevoetsluis, Oostvoorne & Valkenswaard (Formido).

We also opened eight new stores: Praxis opened a new store in Sneek, Brico opened a new store in Mersch (Luxembourg), two franchised stores in Enghien and Ixelles, three Brico City stores in Ghent, Bassevelde and Watermael Boitsfort, and Plan-It opened a new store in Ghent. We are constantly upgrading the product offer to our customers. At the same time, our stores are benefitting from investment in new ranges and new concepts as we start the journey as a truly multichannel retailer with the first Click and Collect Service in the Netherlands.

The tight management of our costs and margins have resulted in a robust EBITDA performance, despite declining markets in the Benelux and lower sales. All our colleagues have worked tremendously hard in the last year. Trading has been challenging but our people have risen to the challenge with commitment, creativity and focus.”