DGAP-News: Hornbach Holding AG & Co. KGaA / Key word(s): Development of Sales
Hornbach Group increases net sales by 5.1 percent
Trading statement for 2015/2016: With consolidated sales of Euro 3,755 million, Hornbach meets 2015/2016 sales forecast / DIY stores with garden centers post like-for-like growth of 2.6% / Growth accelerates in Germany and abroad in fourth quarter
Neustadt/Weinstrasse, March 22, 2016.
Germany: growth at high previous year's level - setback in Q3 now left behind
"After the setback in the third quarter, we can now send out a clear signal - Germans' surprisingly marked reluctance to consume in November 2015 did not continue at our DIY stores in the fourth quarter. With like-for-like sales growth of 2.5% in Germany in the last three months, we managed to escape the temporary dip in sales and successfully asserted ourselves in the challenging competitive climate in the stationary and online businesses", commented Albrecht Hornbach, Chairman of the Board of Management of Hornbach Management AG (general partner of Hornbach Holding AG & Co. KGaA). "Here, we are increasingly benefiting from our multichannel strategy. Customers expect ever greater consistency and integration of stationary and digital shopping experiences. Here, we are excellently positioned within the DIY store sector."
Other European countries: regaining old strength
Like-for-like sales performance at Hornbach DIY megastores with garden centers * (in percent)
* excluding currency items
"Hornbach has regained its old strength in its international business and gained additional market share. Like-for-like growth rates climbed from quarter to quarter. Between December 2015 and February 2016 alone, like-for-like sales net of currency items even showed double-digit growth in all countries but one outside Germany", remarked Albrecht Hornbach. Among other factors, this also reflected favorable macroeconomic conditions across Europe for consumer spending and construction activities. "Our retail format enables us to score highly, especially among customers planning larger-scale construction or renovation projects."
The Hornbach Baustoff Union GmbH subgroup also contributed to the Hornbach Group's sales growth once again in 2015/2016. Having declined by 1.1% in the previous year's period, sales at the subgroup's unchanged total of 26 builders' merchants outlets rose 2.4% to Euro 218 million in the year under report.
Based on the initial preliminary and unaudited annual results, the current earnings forecast for the HORNBACH Baumarkt AG subgroup can be confirmed. Largely due to non-operating, one-off write-downs at the HORNBACH Baustoff Union GmbH subgroup, the earnings forecast for the HORNBACH Holding AG & Co. KGaA Group has been adjusted slightly. Reference is made in this respect to the separate ad-hoc announcement published today by the HORNBACH Group.
Details of the earnings performance and the annual financial statements will be presented at the Annual Results Press Conference on May 24, 2016.
1) head count at balance sheet date on February 29 (28)
Document title: Trading Statement HORNBACH 2015/2016
2016-03-22 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Hornbach Holding AG & Co. KGaA|
|Le Quartier Hornbach 19|
|67433 Neustadt an der Weinstraße|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart|
|End of News||DGAP News Service|