DGAP-News: Hornbach Holding AG & Co. KGaA / Key word(s): Quarterly / Interim Statement
Hornbach Group with strong start to year
Consolidated sales grow by 7.1 % to Euro 1,195.5 million in first quarter of 2017/2018 / Earnings significantly boosted: EBIT up 21.2% to Euro 92.7 million / Forecast confirmed
Sales at Hornbach Baumarkt AG, the largest operating subgroup (DIY retail), grew 6.7 % to Euro 1,130.3 million (2016/2017: Euro 1,058.9 million). This figure also includes sales at a DIY megastore with a garden center newly opened in The Hague (Netherlands) in April 2017. The total number of DIY retail outlets therefore came to 156 as of May 31, 2017 (February 28, 2017: 155), of which an unchanged total of 98 stores in Germany and 58 in other European countries.
Like-for-like sales net of currency items increased by 5.4 % in the first three months. "Hornbach can report a very strong start to the year. The spring season also benefited from weather conditions that were mostly ideal for larger-scale house and garden projects. The strongest sales growth in the first quarter was once again generated outside Germany", commented Roland Pelka, the company's Chief Financial Officer.
Net sales at the 98 Hornbach stores in Germany rose 3.6 % to Euro 613.4 million in the first quarter (2016/2017: Euro 591.9 million). Like-for-like sales grew by 3.8 %. Based on its own data, Hornbach further expanded its market share in Germany (2016: 11.1 %). Sales in the Other European countries region, which includes the company's DIY retail activities in eight countries outside Germany, rose 10.7 % to Euro 516.9 million (2016/2017: Euro 467.0 million). The international share of sales at the Hornbach Baumarkt AG subgroup increased from 44.1 % to 45.7 %. Like-for-like sales net of currency items grew by 7.5 % in other European countries.
The builders' merchant business showed even stronger growth rates than DIY retail. Hornbach Baustoff Union GmbH, the subgroup currently operating 25 builders' merchant outlets in south-western Germany and two locations close to the border in France (Lorraine), increased its sales year-on-year by 13.8 % to Euro 64.6 million.
Earnings strength significantly boosted in Q1 2017/2018
Operating earnings (EBIT) at the Hornbach Holding AG & Co. KGaA Group grew 21.2 % to Euro 92.7 million (2016/2017: Euro 76.5 million). Earnings per Holding share rose 24.2 % to Euro 3.18 in the first quarter of 2017/2018 (2016/2017: Euro 2.56). EBIT at the Hornbach Baumarkt AG subgroup increased 26.1 % to Euro 77.6 million (2016/2017: Euro 61.5 million), while earnings per Baumarkt share rose 30.3 % to Euro 1.72 (2016/2017: Euro 1.32). According to the Board of Management, the measures to promote digitization of the business model will be stepped up further as the financial year progresses. The full-year sales and earnings forecasts for 2017/2018 have been confirmed.
Note: The quarterly statements of Hornbach Holding AG & Co. KGaA and Hornbach Baumarkt AG can be downloaded from the "Publications" section of our website. Link: www.hornbach-group.com.
Rounding up or down may lead to discrepancies between percentages and totals. Calculation of percentage figures based on Euro 000s.
Group Communications and Investor Relations Director
HORNBACH Holding AG & Co. KGaA
Tel. +49 (0) 6348 602444
30.06.2017 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, Tradegate Exchange|
|End of News||DGAP News Service|