HAMBURG (dpa-AFX Broker) - Analysts Warburg Research left its rating for Hornbach Holding at "Buy" with a price target of 98 euros after detailed quarterly figures. Following a weaker sales performance in the first financial quarter, like-for-like earnings rose slightly in the second quarter, analyst Thilo Kleibauer wrote in a report published on Wednesday. For the current financial year, he expected earnings (adjusted EBIT) to decline by 20 percent, as the DIY holding company traditionally generates significantly weaker EBIT figures in the second half of the year due to seasonal factors./edh/gl

Publication of original study: 27.09.2023 / 08:15 / CEST First circulation of original study: Date not stated in study / Time not stated in study / CEST

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