Euronics International announes "Suppliers of the Year"

The ceremony took place during the Group’s held its annual event in Madrid. Welcoming more than 180 delegates from its 25 member companies, 7 licensees in 29 European countries and key industry business partners, Euronics International Managing Director Klaus Lahrmann announced that group turnover in Europe had risen to EUR 14.4 billion in 2008. This growth confirmed Euronics’ position as Europe’s second largest consumer electronics retailer, Lahrmann added.

Due to the continuing pressure on margins and the economic crisis, Euronics anticipates a slight decline for the year 2009.