DGAP-News

Hornbach Holding AG & Co. KGaA: Hornbach with dynamic sales growth

DGAP-News: Hornbach Holding AG & Co. KGaA / Key word(s): Half Year
Results/Quarter Results
Hornbach Holding AG & Co. KGaA: Hornbach with dynamic sales growth

29.09.2016 / 12:00
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Hornbach with dynamic sales growth

Half-Year Financial Reports 2016/2017: Consolidated sales growth of 6.4% in
first six months / Hornbach Group's operating earnings of Euro 152.5
million ahead of previous year's figure / Sales at DIY stores with garden
centers top two billion euro mark for first time / Like-for-like sales also
show substantial growth / Excellent results in German Kundenmonitor 2016
consumer survey

Neustadt a. d. Weinstrasse, September 29, 2016.
The Hornbach Holding AG & Co. KGaA Group (Hornbach Group) maintained the
positive sales trend already seen in the first three months of its current
financial year. Consolidated sales for the second quarter (June 1 to August
31, 2016) grew 6.8% to Euro 2,186.7 million. In parallel, the Group's
earnings performance also gained momentum. Consolidated operating earnings
(EBIT) rose by 2.2% to Euro 76.0 million in the second quarter and
cumulatively by 0.9% to Euro 152.5 million. The Group has confirmed its
sales and earnings forecasts for the 2016/2017 financial year as a whole.

The pace was set by the dynamic sales performance at the 154 DIY stores
with garden centers operated across Europe by Hornbach Baumarkt AG, the
largest operating subgroup, as of August 31, 2016. Six-month sales here
topped the two billion euro mark for the first time. Following growth of
7.0% to Euro 1,003.6 billion in the second quarter (2015/2016: Euro 938.2
million), the subgroup's sales for the first half of 2016/2017 rose by 6.7%
to Euro 2,062.5 million (2015/2016: Euro 1,933.4 million). On a like-for-
like basis and net of currency items, the subgroup increased its sales by
4.5% in both the second quarter and the first half of 2016/2017.

Top rankings in Kundenmonitor survey underline strong performance in
Germany

"With like-for-like growth of 2.5%, our DIY stores with garden centers in
Germany significantly outperformed the DIY sector average", commented
Albrecht Hornbach, Chairman of the Board of Management of Hornbach
Management AG, at the half-year conference in Frankfurt. "This strong
performance is underlined by the excellent results we achieved in
Kundenmonitor Deutschland 2016." In Germany's most prestigious retail