The Hornbach Group (Hornbach Holding AG & Co. KGaA Group) had a robust performance in the first half of its 2018/19 financial year (March 1 to August 31, 2018), and that despite extreme weather conditions at times, and has confirmed its annual forecast.
Net sales at the HORNBACH Baumarkt AG, the largest operating subgroup (DIY retail), increased by 4.3% to Euro 1,088 million in the second quarter of 2018/19. First-half sales grew by 3.5% to Euro 2,250 million (2017/18: Euro 2,173 million).
The strongest growth came once again from retail activities in the Other European countries region, where the company pools its DIY business in eight countries outside Germany (Austria, Czech Republic, Luxembourg, Netherlands, Romania, Slovakia, Sweeden and Switzerland). Sales here rose by 6.8% to Euro 1,076 million (2017/18: Euro 1,007 million). The international share of the subgroup’s first-half sales rose from 46.3% to 47.8%.
This increase was also promoted by the company’s ongoing expansion abroad, with two new DIY stores with garden centers added in the Netherlands and Switzerland in the first half of the year. DIY stores in the company’s home market increased their six-month sales by 0.7% to Euro 1,174 million (2017/18: Euro 1,166 million).
The Board of Management has confirmed the full-year sales and earnings forecasts for 2018/19. It expects the company to virtually make up for the shortfall in earnings from the first quarter in the second half of the year. Comments Roland Pelka: “The target of catching up after the ‘summer recess’ is ambitious, but manageable.” The Hornbach Group’s consolidated operating earnings (EBIT) adjusted for non-operating items for the 2018/19 financial year as a whole are therefore still expected to more or less match the level reported for the 2017/18 financial year (Euro 165.6 million).
Hornbach Baumarkt AG is celebrating the 50th anniversary of opening its first DIY store and garden center in Bornheim bei Landau in the Palatinate region, Germany, with a clear commitment to its own strengths and a big thank you to its customers.
On September 27, 1968, Otmar Hornbach opened the company’s first “DIY superstore” in Bornheim bei Landau in Germany’s Palatinate region. The store had sales areas of more than 4,000 square meters, making it exceptionally large by the standards at the time.
HORNBACH is an independent, family-run listed company. In the 2017/18 financial year (balance sheet date: February 28, 2018), it increased its (net) sales by 5.1 percent to more than Euro 4.1 billion. Founded in 1877, HORNBACH is the only DIY sector player with a history stretching back six generations. It currently operates 158 DIY stores and garden centers and online shops in nine countries across Europe.
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