The Hornbach Group has begun the 2019/20 financial year with pleasing sales and earnings growth. Consolidated sales increased by 9.1% to Euro 1,338.4 million in the first quarter of 2019/20 (March 1 to May 31, 2019). Sales in the Other European Countries region, beside Germany increased by 10.4% to Euro 606.6 million.
Hornbach Baumarkt AG, the largest operating subgroup (DIY retail) which operated an unchanged total of 158 DIY megastores with garden centers and online shops in nine European countries as of May 31, 2019, increased its like-for-like sales net of currency items by 7.8% in the first three months.
Sales in the Other European Countries region, beside Germany, where Hornbach pools its DIY business activities in eight countries outside Europe, increased by 10.4% to Euro 606.6 million (2018/19: Euro 549.4 million). The german DIY retail company is present, beside Germany, in Austria, Czech Republic, Luxembourg, Netherlands, Romania, Slovakia, Sweeden and Switzerland.
The international share of sales at the Hornbach Baumarkt AG subgroup rose from 47.3% to 48.1%. On a like-for-like basis and net of currency items, sales in other European countries grew by 8.7%.
Hornbach:
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. It currently operates 158 DIY stores and garden centers and online shops in nine countries across Europe: Germany, Austria, Czech Republic, Luxembourg, Netherlands, Romania, Slovakia, Sweeden and Switzerland.
This article is part of the CEE DIY retail category from www.bricoretail.ro B2B publication and bring together news, in english, from Central and East Europe related with DIY and home improvement retail.
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