Guidance: Sales and adjusted EBIT expected to reach above mid point of previous guidance At the end of the first half of 2021/22, the company has confirmed and specified in greater detail the full-year forecast published on June 25, 2021 in the Quarterly Statement on the first quarter of 2021/22. The Hornbach Group's sales growth is now expected to be above the mid point of the forecast range of 1 % to 5 % (2020/21 financial year: EUR 5,456m). With regard to the earnings performance, the company currently expects adjusted consolidated operating earnings (EBIT) to reach the upper third of the forecast range of EUR 290m to EUR 326m and, as previously forecast, to fall slightly short of the record figure reported for the 2020/21 financial year (EUR 326.4m). Hornbach aims to achieve an adjusted EBIT margin at the upper end of the 5.3 % to 5.7 % range in 2021/22. Profitability should therefore significantly exceed the figure for the financial year prior to the coronavirus pandemic (2019/20: 4.8 %) and the average for the past 20 years (4.5 %).

Fourth Sustainability Magazine published The Hornbach Group has published its annual Sustainability Magazine together with its Half-Year Financial Report. Looking beyond statutory reporting obligations, this publication offers space for those topics that motivate the company, its employees, and its customers, such as resource-efficient logistics, recycling construction materials, women in management positions, and of course the challenges presented by the coronavirus pandemic.

Note: The Half-Year Financial Reports of Hornbach Holding AG & Co. KGaA and Hornbach Baumarkt AG and the Sustainability Magazine can be downloaded from the "Publications" section of our website. Link: www.hornbach-group.com/ FinancialReports Contact: Axel Mueller Group Communications and Investor Relations Director HORNBACH Holding AG & Co. KGaA Tel. +49 (0) 6348 602444 axel.mueller@hornbach.com

-----------------------------------------------------------------------------------------------------------------------

2021-09-30 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:  1236918 
 
End of News   DGAP News Service 
=------------

1236918 2021-09-30

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1236918&application_name=news

(END) Dow Jones Newswires

September 30, 2021 01:00 ET (05:00 GMT)