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HORNBACH HOLDING AG & CO. KGAA

(HBH)
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PRESS RELEASE: Hornbach Holding AG & Co. KGaA: -2-

03/23/2021 | 01:03am EDT

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)

Stocks mentioned in the article
ChangeLast1st jan.
HORNBACH BAUMARKT AG -1.29% 34.35 Delayed Quote.-4.05%
HORNBACH HOLDING AG & CO. KGAA -1.23% 84.05 Delayed Quote.6.80%
SDAX -1.02% 16004.92 Delayed Quote.8.40%
SDAX PERFORMANCE INDEX 9:00-20:00 -0.34% 16091.11 Delayed Quote.8.98%
TOTALENERGIES SE -2.91% 39.535 Real-time Quote.12.00%
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Financials
Sales 2022 5 474 M 6 492 M 6 492 M
Net income 2022 141 M 167 M 167 M
Net Debt 2022 1 023 M 1 213 M 1 213 M
P/E ratio 2022 9,59x
Yield 2022 2,38%
Capitalization 1 345 M 1 594 M 1 595 M
EV / Sales 2022 0,43x
EV / Sales 2023 0,40x
Nbr of Employees 15 462
Free-Float 54,6%
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Technical analysis trends HORNBACH HOLDING AG & CO. KGAA
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 3
Average target price 111,33 €
Last Close Price 84,05 €
Spread / Highest target 41,6%
Spread / Average Target 32,5%
Spread / Lowest Target 24,9%
EPS Revisions
Managers and Directors
NameTitle
Albrecht Hornbach Chairman-Management Board
Karin Dohm Chief Financial Officer
John Feldmann Chairman-Supervisory Board
Simone Krah Member-Supervisory Board
Melanie Thomann-Bopp Member-Supervisory Board
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