HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Change in Forecast
27.11.2012 15:49
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
HORNBACH-Baumarkt-AG reduces forecast
Bornheim bei Landau, November 27, 2012.
The Board of Management of HORNBACH-Baumarkt-AG has updated its sales and
earnings forecast for the current 2012/2013 financial year (March 1, 2012
to February 28, 2013) to account for the unfavorable macroeconomic
framework in Europe. Full-year consolidated sales for 2012/2013 are now
expected at around the previous year’s figure of Euro 3.0 billion.
Previously, the target was to generate sales growth in a low single-digit
percentage range.
This more cautious assessment of the company’s ongoing business performance
is due to the deterioration in consumer confidence in the second half of
2012/2013. Given the weaker sales performance, the earnings forecast for
the HORNBACH-Baumarkt-AG Group has also been adjusted. Accordingly, the
Board of Management now expects operating earnings (EBIT) for the 2012/2013
financial year to fall short of the record figure of Euro 128 million
reported for the 2011/2012 financial year.
Further details will be released upon publication of the interim report for
the first nine months of 2012/2013 on December 21, 2012
(www.hornbach-group.com).
Contact:
Axel Müller
Investor Relations
Tel. +49-6348-60 2444
axel.mueller@hornbach.com
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Language: English
Company: HORNBACH-Baumarkt-Aktiengesellschaft
Hornbachstraße
76878 Bornheim bei Landau/Pfalz
Germany
Phone: +49 (0)6348 / 60 00
Fax: +49 (0)6348 / 60 40 00
E-mail: info@hornbach.de
Internet: www.hornbach.de
ISIN: DE0006084403
WKN: 608440
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
