Hornbach Holding AG & Co. KGaA: 2019/20 earnings forecast raised after significant third-quarter earnings growth

DGAP-Ad-hoc: Hornbach Holding AG & Co. KGaA / Key word(s): Change in Forecast/Quarter Results Hornbach Holding AG & Co. KGaA: 2019/20 earnings forecast raised after significant third-quarter earnings growth 10-Dec-2019 / 20:46 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 2019/20 earnings forecast raised after significant third-quarter earnings growth Neustadt an der Weinstrasse, December 10, 2019. The earnings position of the Hornbach Group (Hornbach Holding AG / Co. KGaA Group) showed a significant year-on-year improvement in the third quarter of 2019/20 (September 1 to November 30, 2019). Based on preliminary figures, net sales rose by 5.0% to Euro 1,139 million (2018/19: Euro 1,085 million), while operating earnings adjusted for non-operating items (adjusted EBIT) more than doubled to almost Euro 42 million (2018/19: Euro 19.7 million). Earnings before taxes (EBT) for the same period increased from Euro 16.1 million to more than Euro 30 million. This very pleasing earnings performance in Q3 2019/20 was due in particular to like-for-like sales growth achieved in Germany and abroad over and above the previous year's already high level of sales, as well as to improved cost ratios. Key figures for the first nine months of 2019/20 developed as follows: Net sales rose by 7.8% to around Euro 3.75 billion (2018/19: Euro 3.48 billion), while adjusted EBIT grew by 33% to around Euro 240 million (2018/19: Euro 180.6 million). Nine-month EBT increased by more than 24% to around Euro 206 million (2018/19: Euro 165.8 million). The significant earnings growth for the third quarter and cumulatively for the first nine months makes it more likely that full-year earnings for the 2019/20 financial year will exceed recent expectations. Despite potential weather-related fluctuations and macroeconomic risks in the fourth quarter of 2019/20 (December 1, 2019 to February 29, 2020), the earnings forecast of the Hornbach Group for the 2019/20 financial year has been raised. Adjusted EBIT (2018/19: ? 134.9 million) is now expected to show growth in a low to medium double-digit percentage range (previously: "by more than 20%"). The sales forecast for the 2019/20 financial year was confirmed. Consolidated sales are thus still expected to increase in a medium to upper single-digit percentage range. Definitive details of the sales and earnings performance will be published in the Statement on the Third Quarter of 2019/20 on December 19, 2019 (www.hornbach-group.com). HORNBACH Holding AG & Co. KGaA represented by HORNBACH Management AG The Board of Management Contact: Axel Mueller Group Communications and Investor Relations Director HORNBACH Holding AG & Co. KGaA Tel. [phone] [e-mail] 10-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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
EQS News ID:	933013

End of Announcement	DGAP News Service

933013  10-Dec-2019 CET/CEST