HORNBACH Holding AG & Co. KGaA / Key word(s): Change in Forecast
Hornbach Group confirms FY 2022/23 sales guidance – FY adjusted EBIT expected to be below guidance due to ongoing macro challenges
However, the macroeconomic outlook and the challenges with regard to inflation, supply chain and product pricing have become further pronounced and persistent in the second quarter making visibility for the rest of the year more difficult. Given the ongoing margin pressure and in line with our conservative approach to guidance, the management of Hornbach Group believes it would be prudent to be cautious at this stage of the year. We therefore reduce our guidance with regard to the full-year adjusted EBIT from the previous level of slightly lower year on year and we are now expecting the adjusted EBIT level to decline around a low double digit percentage range, below the record number of EUR 362.6 million in FY 2021/22.
We will continue to monitor closely the key factors influencing profitability and manage the business accordingly.
The preliminary, unaudited figures for Q1 2022/23 are shown in the following table:
The final financial results for Q1 2022/23 will be published on June 29, 2022.
Explanations and reconciliations of the key financial figures used can be found on page 58 et seqq. of the Annual Report 2021/22 of the Hornbach Holding AG & Co. Group (available at http://www.hornbach-group.com/FinancialReports).
Head of Group Communications and Investor Relations
HORNBACH Holding AG & Co. KGaA
Tel. +49 (0) 6348 602444
13-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||HORNBACH Holding AG & Co. KGaA|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1374621|
|End of Announcement||DGAP News Service|
1374621 13-Jun-2022 CET/CEST