HORNBACH HOLDING AG & CO. KGAA Like-for-like sales performance at Hornbach's DIY stores with garden centers* (in %)
2020/21 financial year 1^st quarter 2^nd quarter 3^rd quarter 4^th quarter Total Group 17.5 21.4 19.7 -3.5 14.7 Group previous year 7.8 8.8 4.6 9.7 7.7 Germany 24.4 24.1 25.5 -4.9 18.6 Germany previous year 6.9 8.0 3.3 7.9 6.5 Other European Countries 10.3 18.6 14.0 -2.2 10.8 Other European Countries previous year 8.7 9.6 5.9 11.6 8.9
* Excluding currency items
Demand from the construction industry and private construction clients also enabled the builders' merchant business to report notably higher sales momentum than one year earlier. The Hornbach Baustoff Union GmbH subgroup increased its sales by 12.8 % to Euro 338 million in the 2020/21 financial year. Due to takeovers of competitors, the number of outlets rose year-on-year from 34 to 36.
Adjusted EBIT of the HORNBACH Group rises to around Euro 325 million
Thanks to strong like-for-like sales growth and despite additional costs due to the pandemic, the Hornbach Group significantly increased its earnings strength in the past 2020/21 financial year. Based on initial, preliminary, and as yet unaudited figures, consolidated operating earnings adjusted to exclude non-operating earnings items (adjusted EBIT) are expected to amount to around Euro 325 million (2019/20: Euro 227.0 million). That corresponds to growth of more than 40 %. Also based on preliminary data, adjusted EBIT at the Hornbach Baumarkt AG subgroup rose more than 50 % to around Euro 280 million (previous year: Euro 181.8 million).
Details of the earnings performance, the 2020/21 annual financial statements, and the outlook for the 2021/22 financial year will be published at the Annual Results Press Conference on May 27, 2021.
Preliminary unaudited key figures Hornbach Holding AG & Co. KGaA Group 2020/21 2019/20 Change (in Euro million unless otherwise stated) financial year financial year in % Net sales at Hornbach Group 5,456 4,729 15.4 Net sales at Hornbach Baumarkt AG subgroup 5,117 4,428 15.6 of which in Germany 2,654 2,245 18.2 of which in Other European Countries 2,463 2,183 12.8 Net sales at Hornbach Baustoff Union GmbH subgroup 338 299 12.8 Number of DIY stores^1) 163 160 1.9 Sales areas (DIY) as per BHB (000 m²) 1,918 1,889 1.5 Number of outlets at Hornbach Baustoff Union GmbH 36 34 5.9 Total workforce of Hornbach Group^2) 23,279 21,505 8.2
1) Of which: 161 Hornbach DIY stores with garden centers and two Bodenhaus outlets
2) Number of employees, including passive employment relationships, at balance sheet date on February 28/29
Rounding up or down may lead to discrepancies between percentages and totals. Percentage figures calculated on basis of Euro 000s. Contact: Axel Mueller Group Communications and Investor Relations Director HORNBACH Holding AG & Co. KGaA Tel. +49 (0) 6348 602444 axel.mueller@hornbach.com -----------------------------------------------------------------------------------------------------------------------
2021-03-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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
Hornbachstraße 11
76879 Bornheim
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: 1177295
End of News DGAP News Service
=------------ 1177295 2021-03-23
(END) Dow Jones Newswires
March 23, 2021 02:02 ET (06:02 GMT)
