Brief: Hornbach Group FY Adj. EBIT At EUR 254 Mln

Hornbach Holding AG & Co KGaA

26/03/2024 06:10

March 26 (Reuters) - HORNBACH HOLDING AG & CO KGAA
 HBH.DE :
    * HORNBACH GROUP DELIVERS SUCCESSFULLY ON FY 2023/24 TARGETS
–
FULL YEAR FIGURES REFLECT SOLID PERFORMANCE
    * HORNBACH HOLDING AG & CO KGAA - CONSOLIDATED GROUP SALES
1.6%
BELOW FY 2022/23 IN LINE WITH GUIDANCE - CUSTOMERS PRIORITIZE
SMALL TICKETS OVER BIG TICKET AND DISCRETIONARY CATEGORIES
    * HORNBACH HOLDING AG & CO KGAA - LIKE-FOR-LIKE SALES
DECREASED BY
2.0% IN FY 2023/24, BUT STABILIZING TO -1.3% IN Q4 2023/24
    * HORNBACH HOLDING AG & CO KGAA - GROSS MARGIN POSITIVELY
IMPACTED
BY NORMALIZATION OF SOME CORE COMMODITY PRICES AND MORE
FAVORABLE PRODUCT MIX
    * HORNBACH HOLDING AG & CO KGAA - ADJUSTED GROUP OPERATING
EARNINGS (ADJUSTED. EBIT) EXPECTED AT AROUND EUR 254 MILLION
(-12%) - IN LINE WITH FY GUIDANCE
    * HORNBACH HOLDING AG & CO KGAA -  Q4 2023/24 GROUP SALES
DECLINED
SLIGHTLY BY 1.5% TO EUR 1,234 MILLION

Source text for Eikon:  ID:nEQ1GSZfka 
Further company coverage:  HBH.DE 

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