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HBM Hornbach Baumarkt AG News Story

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Consumer CyclicalsConservativeMid Cap

Hornbach falls after Q2 profit miss

** Shares in Hornbach HBH.DE fall 7% after the company posted Q2 adjusted earnings below expectations

** The holding, which owns DIY stores operator Hornbach Baumarkt, reported Q2 sales in line with analysts's forecast but it's adjusted EBIT was a miss

** "The combination of a strong YTD performance (+40%) heading into the event, continued muted consumer sentiment across Europe and the absence of an upgrade to the outlook may lead to some profit taking this morning," Metzler's analysts say

** Stock at the bottom of the German small-cap index .SDAXI

 (Reporting by Paolo Laudani)

 ((Paolo.laudani@thomsonreuters.com))

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