18-05-2020, 08:48 PM

Hornbach Holding AG & Co. KGaA: HORNBACH Group expects significantly higher sales and earnings in Q1 2020/21

Hornbach Holding AG & Co. KGaA / Key word(s): Quarter Results/Forecast
Hornbach Holding AG & Co. KGaA: HORNBACH Group expects significantly higher sales and earnings in Q1 2020/21

18-May-2020 / 20:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

HORNBACH Group expects significantly higher sales and earnings in Q1 2020/21

Neustadt a. d. Weinstrasse, May 18, 2020.
Board of Management expects financial and earnings position of HORNBACH Holding AG & Co. KGaA Group (HORNBACH Group) to show clearly positive developments in first quarter (March 1 to May 31, 2020).

The measures taken to contain the coronavirus pandemic meant that up to 40% of HORNBACH's DIY stores in Germany and abroad were initially affected by far-reaching restrictions imposed on sales activities by the authorities. As the spring quarter has progressed, however, it has become apparent that these coronavirus-related losses of sales are being more than offset, and that to an increasing extent, by high sales at stores that remained opened or have now reopened, at online shops, and at builders' merchant outlets. Since May 6, 2020, all HORNBACH DIY stores with garden centers have been accessible to customers. From a current perspective, both consolidated sales and adjusted consolidated operating earnings (adjusted EBIT) for the first quarter of the 2020/21 financial year are expected to significantly exceed the previous year's figures.

Given the implications of the coronavirus crisis, which remain difficult to predict, the Board of Management nevertheless sees significant macroeconomic risks for the remaining nine months of the 2020/21 financial year. These are expected to impact negatively on the HORNBACH Group's sales and earnings performance in the further course of the financial year. The Board of Management therefore deems it likely that full-year consolidated sales in 2020/21 will roughly match the figure for the 2019/20 financial year (€ 4.7 billion) and that consolidated operating earnings adjusted for non-operating earnings items (adjusted EBIT) will fall slightly short of the previous year.

The 2019/20 Annual Report will be published on May 27, 2020. The results for the first quarter of 2020/21 will be released on June 26, 2020.


Axel Mueller
Group Communications and Investor Relations Director
HORNBACH Holding AG & Co. KGaA
Tel. +49 (0) 6348 602444

18-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Hornbach Holding AG & Co. KGaA
Le Quartier Hornbach 19
67433 Neustadt an der Weinstraße
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: 1050155

End of Announcement DGAP News Service

1050155  18-May-2020 CET/CEST