DGAP-News: HORNBACH Holding AG & Co. KGaA: Hornbach maintains sales growth – adjusted EBIT well ahead of pre-Covid level
Retrieved on:
Wednesday, June 29, 2022
Demand for construction and DIY products remains strong and in terms of sales, Q1 2022/23 has been a record quarter for the company.
Key Points:
- Demand for construction and DIY products remains strong and in terms of sales, Q1 2022/23 has been a record quarter for the company.
- On a like-for-like basis and exchange rate adjusted, DIY sales showed subgroup-wide growth of 5.3% in the first three months (2021/22: 4.3%).
- Net sales at the Hornbach DIY stores in Germany increased by 4.7% to EUR 853.2 million in the first quarter (2021/22: EUR 814.9 million).
- Adjusted EBIT significantly above pre-Covid levels, but below previous year's figure
With EUR 148.3 million the adjusted EBIT of Hornbach Group came out 53.1% above pre-Covid levels (2019/20: EUR 96.9 million).