HORNBACH Holding AG & Co. KGaA
Hornbach Holding AG & Co. KGaA: Hornbach Group improves sales by 4.9%
DGAP-News: Hornbach Holding AG & Co. KGaA / Key word(s): Development of Sales Hornbach Group improves sales by 4.9% Trading statement for 2016/2017: Hornbach Group generates consolidated sales of Euro 3,941 million / DIY stores with garden centers post like-for-like growth of 3.0% / Earnings forecast confirmed Neustadt/Weinstrasse, March 23, 2017. Germany: DIY stores with garden centers post like-for-like growth of 1.4% “Consistent with our forecast, we increased our sales compared with the past 2015/2016 financial year, and that both in our DIY retail business and in our builders’ merchant business”, commented Albrecht Hornbach, Chairman of the Board of Management of Hornbach Management AG (general partner of Hornbach Holding AG & Co. KGaA). “Not only that, with their sales performance the Hornbach DIY stores further extended their lead over the sector in Germany compared with the previous year. In what is an increasingly digital retail world, we are also successfully positioned in our online business.” The Hornbach Baustoff Union GmbH subgroup also steered a clear growth course in the 2016/2017 financial year and increased its sales compared with the previous year. Following growth of 2.4% one year earlier, in the year under report sales at the 27 builders’ merchants outlets improved by 4.8% to Euro 229 million. Other European countries: the Group’s growth driver
Like-for-like sales performance at DIY stores with garden centers * (in percent)
* Excluding currency items Earnings forecast for 2016/2017 financial year confirmed Operating earnings (EBIT) at the Hornbach Group and at the Hornbach Baumarkt AG subgroup are thus still expected to significantly exceed the figures for the previous 2015/2016 financial year. EBIT adjusted for non-operating income and expenses at the Hornbach Baumarkt AG subgroup is expected to match the level achieved in the 2015/2016 financial year (Euro 99 million). On the level of the Hornbach Group, adjusted EBIT is still expected to match or slightly exceed the previous year’s figure of Euro 151 million. Details of the earnings performance and the annual financial statements will be presented at the Annual Results Press Conference on May 29, 2017.
1) Head count at balance sheet date on February 28/29 Contact: Axel Mueller Group Communications and Investor Relations Director HORNBACH Holding AG & Co. KGaA Tel. +49 (0) 6348 602444 axel.mueller@hornbach.com
23.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Hornbach Holding AG & Co. KGaA |
Le Quartier Hornbach 19 | |
67433 Neustadt an der Weinstraße | |
Germany | |
ISIN: | DE0006083405 |
WKN: | 608340 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |