DGAP-Adhoc HORNBACH Baumarkt AG: HORNBACH Baumarkt AG plans dividend increase
DGAP-Ad-hoc: HORNBACH Baumarkt AG / Key word(s): Dividend
Bornheim bei Landau, May 3, 2021.
At its meeting today, the Board of Management of HORNBACH Baumarkt AG (ISIN: DE0006084403) decided to propose to the Supervisory Board that, based on the preliminary as yet unaudited results for the 2020/21 financial year, the dividend should be increased by around one third to Euro 0.90 per individual share with dividend entitlement (2019/20 financial year: Euro 0.68).
The HORNBACH Baumarkt AG Group concluded the coronavirus-dominated 2020/21 financial year with significant sales and earnings growth. Consolidated sales rose by 15.6 % to Euro 5,117 million. Based
on preliminary figures, consolidated operating earnings excluding non-operating items (adjusted EBIT) increased by more than 50% to around Euro 280 million.
Once the audited annual financial statements are adopted, the proposed dividend distribution is to be submitted to the Annual General Meeting for its own resolution on the appropriation of profit.
The dividend of Euro 0.90 per individual share now proposed, which is subject to approval by the Supervisory Board at its meeting to adopt the financial statements on May 19, 2021 and of
shareholders at the (virtual) Annual General Meeting on July 7, 2021, corresponds to a dividend yield of 2.7%. This is based on the closing price of the share (XETRA) at the end of the financial
year on February 28, 2021.
HORNBACH will publish its complete, audited annual financial statements at its Annual Results Press Conference on May 27, 2021.
Group Communications and Investor Relations Director
HORNBACH Holding AG & Co. KGaA
Tel. +49 (0) 6348 602444
03-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
|Company:||HORNBACH Baumarkt AG|
|76878 Bornheim bei Landau/Pfalz|
|Phone:||+49 (0)6348 / 60 00|
|Fax:||+49 (0)6348 / 60 40 00|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1191826|
|End of Announcement||DGAP News Service|
1191826 03-May-2021 CET/CEST