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issue 1 - Roland Berger

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DOSSIER #01 The formula for growth<br />

[Home Depot]<br />

54.7<br />

CONTINUOUS MODERNIZATION<br />

dollars were spent by the average Home Depot<br />

customer in the second quarter of 2004. That is the<br />

highest second-quarter number ever for the world’s<br />

largest home improvement chain. Home Depot<br />

constantly invests in modernizing its stores and in<br />

training its employees. Over the last 10 years, the<br />

company has produced average annual profit growth<br />

of 24.99 percent (EBITA, 1993–2003).<br />

STOCK CHART<br />

Home Depot / DOW JONES<br />

1995 96 97 98 99 00 01 02 03 04<br />

10-year comparison against the Dow Jones Index<br />

800%<br />

600%<br />

400%<br />

200%<br />

0%<br />

Source: <strong>Roland</strong> <strong>Berger</strong> Strategy Consultants; Chart: Wallstreet Online<br />

20 think: act

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