HORNBACH BAUMARKT AG
DGAP-Ad-hoc: HORNBACH Baumarkt AG / Key word(s): Quarter Results/Forecast HORNBACH expects significantly higher sales and earnings in Q1 2020/21 Bornheim bei Landau, May 18, 2020. The measures taken to contain the coronavirus pandemic meant that up to 40% of HORNBACH's DIY stores in Germany and abroad were initially affected by far-reaching restrictions imposed on sales activities by the authorities. As the spring quarter has progressed, however, it has become apparent that these coronavirus-related losses of sales are being more than offset, and that to an increasing extent, by high sales at stores that remained opened or have now reopened and at the online shops. Since May 6, 2020, all HORNBACH DIY stores with garden centers have been accessible to customers. From a current perspective, both consolidated sales and adjusted consolidated operating earnings (adjusted EBIT) for the first quarter of the 2020/21 financial year are expected to significantly exceed the previous year's figures. Given the implications of the coronavirus crisis, which remain difficult to predict, the Board of Management nevertheless sees significant macroeconomic risks for the remaining nine months of the 2020/21 financial year. These are expected to impact negatively on the sales and earnings performance of the HORNBACH Baumarkt AG Group in the further course of the financial year. The Board of Management therefore deems it likely that full-year consolidated sales in 2020/21 will roughly match the figure for the 2019/20 financial year (? 4.4 billion) and that consolidated operating earnings adjusted for non-operating earnings items (adjusted EBIT) will fall slightly short of the previous year. The 2019/20 Annual Report will be published on May 27, 2020. The results for the first quarter of 2020/21 will be released on June 26, 2020.
Contact: Axel Mueller Group Communications and Investor Relations Director HORNBACH Holding AG & Co. KGaA Tel. +49 (0) 6348 602444 axel.mueller@hornbach.com
18-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | HORNBACH Baumarkt AG |
| Hornbachstraße | |
| 76878 Bornheim bei Landau/Pfalz | |
| Germany | |
| Phone: | +49 (0)6348 / 60 00 |
| Fax: | +49 (0)6348 / 60 40 00 |
| E-mail: | info@hornbach.de |
| Internet: | www.hornbach.de |
| ISIN: | DE0006084403 |
| WKN: | 608440 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1050149 |
| End of Announcement | DGAP News Service |
1050149 18-May-2020 CET/CEST
