21-03-2022, 03:19 PM

HORNBACH Holding AG & Co. KGaA: Hornbach Group net sales growth to slightly exceed guidance

HORNBACH Holding AG & Co. KGaA / Key word(s): Preliminary Results
HORNBACH Holding AG & Co. KGaA: Hornbach Group net sales growth to slightly exceed guidance

21-March-2022 / 15:19 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 net sales growth to slightly exceed guidance

Bornheim (Palatinate), Germany, March 21, 2022.
Based on preliminary, unaudited results, the Management of Hornbach Holding AG & Co. KGaA (ISIN DE0006083405) expects net sales in the fiscal year 2021/22 (March 1, 2021 to February 28, 2022) to have increased by 7.7% to EUR 5,875 million. This is slightly above the range of +2% to +7% communicated in the guidance update on December 7, 2021.

The strong sales growth was driven by continued high demand for home improvement products as well as increasing inflation which affected purchasing and selling prices.

The preliminary and unaudited adjusted EBIT rose approx. by 11% to about EUR 364 million which is within the guided range of EUR 330 million to EUR 380 million.

In the Trading Statement, due for publication on March 22, 2022, the Hornbach Group will report in further detail on the sales performance in the 2021/22 financial year.

The final figures and full details on the earnings performance in the 2021/22 financial year will be published on May 17, 2022 in the annual report.

Explanations and reconciliations of the key financial figures used can be found on page 54 et seqq. of the Annual Report 2020/21 of the Hornbach Holding AG & Co. Group (available at http://www.hornbach-group.com/FinancialReports).


Contact:
Antje Kelbert
Head of Group Communications and Investor Relations
HORNBACH Holding AG & Co. KGaA
Phone +49 (0) 6348 602444
antje.kelbert@hornbach.com

Anne Spies
Managerin Investor Relations
HORNBACH Holding AG & Co. KGaA
Phone+49 (0) 6348 604558
anne.spies@hornbach.com

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Language: English
Company: HORNBACH Holding AG & Co. KGaA
Hornbachstraße 11
76879 Bornheim
Germany
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: 1307793

 
End of Announcement DGAP News Service

1307793  21-March-2022 CET/CEST

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