DGAP-News

Hornbach Holding AG & Co. KGaA: Hornbach maintains sales growth in first quarter of 2021/22 - Seite 2

Hornbach Holding AG & Co. KGaA Group May 31, 2021 February 28, 2021 Change
in % Shareholders' equity as % of total assets 45.1% 44.2%   Number of DIY stores with garden centers²⁾ 163 163   Sales area in 000 m² (based on BHB) 1,921 1,918 0.2 Number of employees 24,243 23,279 4.1

Rounding up or down may lead to discrepancies between percentages and totals. Calculation of percentage figures based on Euro 000s.

¹⁾ Adjusted to exclude non-operating income and expenses
²⁾ of which 161 HORNBACH DIY stores with garden centers and two BODENHAUS outlets

 

- Persistently high customer demand for DIY store products: Consolidated sales 6.4 % up on strong previous year's quarter

- Online sales surge more than 70 % and first exceed 1 billion euro mark
on 12-month rolling basis.

- At Euro 169.1 million, adjusted EBIT close to previous year's record - long-term profitability trend still significantly higher than before pandemic

- Full-year outlook for 2021/22 specified in greater detail: Slight sales growth and adjusted EBIT of between Euro 290 million and Euro 326 million expected

 

Bornheim/ Pfalz, June 25, 2021.
The Hornbach Group (Hornbach Holding AG & Co. KGaA Group) further increased its sales compared with the previous year's record figure in the first quarter of 2021/22 (March 1 to May 31, 2021). Consolidated sales grew by 6.4 % to Euro 1,678.1 million (2020/21: Euro 1,577.0 million). Multiyear comparison shows that the company's profitability is still significantly higher than in the years prior to the coronavirus pandemic. At Euro 169.1 million, operating earnings adjusted to exclude non-operating earnings items (adjusted EBIT) for Q1 2021/22 almost matched the record figure reported for the previous year's quarter (Euro 172.8 million). The Board of Management has specified the outlook for the current 2021/22 financial year in greater detail. The pleasing first-quarter performance, persistently high customer demand for DIY and construction products, and the visible progress currently being made in combating the pandemic mean that, despite all uncertainties, the Hornbach Group expects to generate slight sales growth and adjusted EBIT of between Euro 290 million and the previous year's figure of Euro 326 million in the 2021/22 financial year as a whole.