The Hornbach Group generated a substantial sales growth in the 2018/19 financial year (March 1, 2018 to February 28, 2019). Despite unfavorable weather conditions at times in the first half of the year, sales at the Hornbach Holding AG & Co. KGaA Group rose 5.3 % to Euro 4,362 million. The highest growth momentum came from the international business.
Hornbach Baumarkt AG, the largest operating subgroup which operated 158 DIY stores with garden centers and online stores in 9 countries across Europe at the balance sheet date on February 28, 2019 (2017/18: 156), also increased its sales by 5.3 %, in this case to Euro 4,096 million.
On a like-for-like basis and net of currency items, group-wide sales at the DIY stores with garden centers (DIY) grew 4.2 % (3.8 % including currency items).
As in the previous year, the highest growth momentum came from the international business. The Hornbach Baustoff Union GmbH subgroup boosted its sales by 6.7 % to Euro 265 million. On a like-for-like basis and net of currency items, Hornbach increased its sales in other European countries by 6.5 % in the 2018/19 financial year, following growth of 6.1 % one year earlier. Including currency items, like-for-like sales grew 5.6 % (2017/18: 5.6 %).
In Central & Eastern Europe, Hornbach Group is present in Czech Republic (10 stores), Slovakia (3 stores) and Romania (6 stores).
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. 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.
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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