Brief: Hornbach Group confirms FY outlook in Q1 results

Hornbach Holding AG & Co KGaA

25/06/2024 06:09

June 25 (Reuters) - HORNBACH HOLDING AG & CO KGAA
 HBH.DE :
    * HORNBACH GROUP DELIVERS STRONG Q1 2024/25 RESULTS
INCREASING
EARNINGS PER SHARE Y-O-Y BY 44% – FULL-YEAR OUTLOOK CONFIRMED
UNCHANGED
    * FULL-YEAR OUTLOOK CONFIRMED UNCHANGED IN LIGHT OF STILL
SUBDUED
CUSTOMER SENTIMEN
    * CONSOLIDATED NET SALES INCREASED BY 1.8% IN Q1 2024/25
    * Q1 ADJUSTED CONSOLIDATED OPERATING EARNINGS (EBIT)
INCREASED BY
33.8% TO EUR 146.4 MILLION
    * HORNBACH GROUP Q1 SALES UP 1.8%
    * HORNBACH BAUSTOFF UNION GMBH (HBU) SUBGROUP CONTINUED TO
BE
AFFECTED BY ONGOING WEAKNESS IN GERMAN CONSTRUCTION INDUSTRY AND
RECORDED SALES OF EUR 95.7 MILLION IN Q1 (Q1 2023/24: EUR 105.4
MILLION)

Source text for Eikon:  ID:nEQlKzRza 
Further company coverage:  HBH.DE 

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