Brief: HORNBACH Holding Q1 Consolidated Sales Up At EUR 1,813.4 Mln

Hornbach Holding AG & Co KGaA

29/06/2022 06:05

June 29 (Reuters) - HORNBACH HOLDING AG & CO KGAA  HBH.DE :
    * MAINTAINS SALES GROWTH – ADJUSTED EBIT WELL AHEAD OF
PRE-COVID
LEVEL
    * FULL-YEAR OUTLOOK FOR 2022/23 REVISED ON JUNE 13, 2022
WITH
CONFIRMED SLIGHT SALES GROWTH ASSUMPTION BUT NOW EXPECTING
ADJUSTED EBIT LEVEL TO DECLINE AROUND A LOW DOUBLE DIGIT
PERCENTAGE RANGE
    * AT EUR 148.3 MILLION, ADJUSTED EBIT WELL ABOVE
PRE-PANDEMIC
LEVELS BY MORE THAN 50%, ALTHOUGH DOWN 12.3% FROM PREVIOUS
YEAR'S RECORD RESULT
    * STEADY CUSTOMER DEMAND FOR CONSTRUCTION AND DIY PRODUCTS:
CONSOLIDATED SALES UP 8.1% ON Q1 2021 / 22
    * Q1 CONSOLIDATED SALES GREW BY 8.1% TO EUR 1,813.4 MILLION
(2021/22: EUR 1,678.1 MILLION)
    * ONLINE SALES (INCLUDING CLICK & COLLECT) REMAINED ON A
MUCH
HIGHER LEVEL THAN PRE-COVID AND ACCOUNTED FOR 15.3% OF HORNBACH
BAUMARKT SUBGROUP'S TOTAL SALES IN Q1 2022/23
    * IN TOTAL, ONLINE SALES DECLINED Y-O-Y BY 30.4% TO EUR
261.4
MILLION IN Q1 2022/23

Source text for Eikon:  ID:nEQ5kC89Ma 
Further company coverage:  HBH.DE 

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