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HORNBACH BAUMARKT AG

(HBM)
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Ad-hoc announcement: Hornbach Baumarkt AG plans dividend increase

05/03/2021 | 10:07am EDT

2021 Ad-hoc announcement: Hornbach Baumarkt AG plans dividend increase

Bornheim bei Landau, May 3, 2021. At its meeting today, the Board of Management of Hornbach Baumarkt AG (ISIN: DE0006084403) decided to propose to the Supervisory Board that, based on the preliminary as yet unaudited results for the 2020/21 financial year, the dividend should be increased by around one third to Euro 0.90 per individual share with dividend entitlement (2019/20 financial year: Euro 0.68).

The Hornbach Baumarkt AG Group concluded the coronavirus-dominated 2020/21 financial year with significant sales and earnings growth. Consolidated sales rose by 15.6 % to Euro 5,117 million. Based on preliminary figures, consolidated operating earnings excluding non-operating items (adjusted EBIT) increased by more than 50% to around Euro 280 million.

Once the audited annual financial statements are adopted, the proposed dividend distribution is to be submitted to the Annual General Meeting for its own resolution on the appropriation of profit. The dividend of Euro 0.90 per individual share now proposed, which is subject to approval by the Supervisory Board at its meeting to adopt the financial statements on May 19, 2021 and of shareholders at the (virtual) Annual General Meeting on July 7, 2021, corresponds to a dividend yield of 2.7%. This is based on the closing price of the share (XETRA) at the end of the financial year on February 28, 2021.

Hornbach will publish its complete, audited annual financial statements at its Annual Results Press Conference on May 27, 2021.

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Disclaimer

Hornbach-Baumarkt AG published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 14:06:01 UTC.


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Financials
Sales 2022 5 151 M 6 237 M 6 237 M
Net income 2022 122 M 148 M 148 M
Net Debt 2022 1 460 M 1 768 M 1 768 M
P/E ratio 2022 9,48x
Yield 2022 2,48%
Capitalization 1 155 M 1 397 M 1 398 M
EV / Sales 2022 0,51x
EV / Sales 2023 0,47x
Nbr of Employees 22 136
Free-Float 23,4%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 1
Average target price 53,00 €
Last Close Price 36,30 €
Spread / Highest target 46,0%
Spread / Average Target 46,0%
Spread / Lowest Target 46,0%
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Managers and Directors
NameTitle
Erich Harsch Chief Executive Officer
Albrecht Hornbach Chairman-Supervisory Board
Andreas Schobert Head-Technology
Kay Strelow Deputy Chairman-Supervisory Board
Martin Hornbach Member-Supervisory Board
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