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Hornbach Holding AG & Co. KGaA: Hornbach with dynamic sales growth - Seite 3
quarter, as of August 31, 2016 the subgroup was operating 25 builders'
merchant outlets in south-western Germany and two locations close to the
border in France (Lorraine).
Operating earnings at Hornbach Group slightly ahead of previous year's
figure
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The Hornbach Group improved its operating earnings performance in the
second quarter of 2016/2017 compared with the previous quarter. This was
chiefly driven by the pleasing like-for-like sales performance net of
currency items at the DIY stores operated by the Hornbach Baumarkt AG
subgroup, the sales growth achieved at the Hornbach Baustoff Union GmbH
subgroup, and improved cost ratios at the Group. These factors more than
offset the lower gross margin and disproportionate rise in costs for the
increasing digitization of the DIY retail business. At the end of the first
half of the 2016/2017 financial year, the Hornbach Group's operating
earnings (EBIT) came to Euro 152.5 million and were thus 0.9% ahead of the
previous year's figure (Euro 151.1 million). At the Hornbach Baumarkt AG
subgroup, the cumulative EBIT of Euro 119.5 million fell slightly short of
the previous year's figure of Euro 122.4 million. The full-year sales and
earnings forecasts for the Hornbach Group and the Hornbach Baumarkt AG
subgroup for the 2016/2017 financial year have each been confirmed by the
Board of Management.
Note: The Half-Year Financial Reports of Hornbach Holding AG & Co. KGaA and
Hornbach Baumarkt AG can be downloaded online under "Publications":
www.hornbach-group.com/reports.
Key Figures of the Hornbach Group at a Glance
second quarter of 2016/2017 compared with the previous quarter. This was
chiefly driven by the pleasing like-for-like sales performance net of
currency items at the DIY stores operated by the Hornbach Baumarkt AG
subgroup, the sales growth achieved at the Hornbach Baustoff Union GmbH
subgroup, and improved cost ratios at the Group. These factors more than
offset the lower gross margin and disproportionate rise in costs for the
increasing digitization of the DIY retail business. At the end of the first
half of the 2016/2017 financial year, the Hornbach Group's operating
earnings (EBIT) came to Euro 152.5 million and were thus 0.9% ahead of the
previous year's figure (Euro 151.1 million). At the Hornbach Baumarkt AG
subgroup, the cumulative EBIT of Euro 119.5 million fell slightly short of
the previous year's figure of Euro 122.4 million. The full-year sales and
earnings forecasts for the Hornbach Group and the Hornbach Baumarkt AG
subgroup for the 2016/2017 financial year have each been confirmed by the
Board of Management.
Note: The Half-Year Financial Reports of Hornbach Holding AG & Co. KGaA and
Hornbach Baumarkt AG can be downloaded online under "Publications":
www.hornbach-group.com/reports.
Key Figures of the Hornbach Group at a Glance
Key Figures Hornbach 2nd Quarter 2nd Quarter ±
Holding AG & Co. KGaA
Group
(in Euro million, 2016/2017 2015/2016 in %
unless otherwise
stated)
Net sales 1,070.5 1,002.5 6.8
of which: in Germany 615.4 602.5 2.1
of which in other 455.1 400.0 13.8
European countries
Like-for-like sales 4.5% 4.0%
growth 1)
Gross margin as % of 36.3% 36.8%
net sales
EBITDA 99.3 94.1 5.5
EBIT 76.0 74.4 2.2
Consolidated earnings 68.8 66.7 3.2
before taxes
Consolidated net income 50.9 52.8 (3.5)
Basic/diluted earnings 2.59 2.63 (1.5)
per share (Euro)
Investments 34.5 51.8 (33.5)
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