Brief: Hornbach Outlook 2023 Confirmed

Hornbach Holding AG & Co KGaA

20/12/2023 06:02

Dec 20 (Reuters) - HORNBACH HOLDING AG & CO KGAA
 HBH.DE :
    * HORNBACH GROUP EARNINGS FURTHER STABILIZED IN Q3 2023/24
    * EARNINGS DEVELOPMENT HAS FURTHER STABILIZED IN Q3 2023/24
DRIVEN
BY IMPROVED GROSS MARGIN (+1 %PT) AND SUCCESSFUL TIGHT COST
MANAGEMENT
    * CONSOLIDATED GROUP SALES CAME IN 4.0% BELOW Q3 2022/23 DUE
TO
ONGOING CONSUMER FOCUS ON SMALL TICKETS AND SOME PRESSURE IN BIG
TICKETS AND DISCRETIONARY CATEGORIES
    * HORNBACH CONTINUED TO INCREASE MARKET SHARE IN KEY
INTERNATIONAL
MARKETS SUCH AS CZECHIA AND NETHERLANDS
    * ADJUSTED EBIT FOR GROUP IN Q3 2023/24 AT EUR 48.1 MILLION
AND
ONLY SLIGHTLY BELOW PREVIOUS YEAR (-1.7%) - 9M 2023/24 ADJUSTED
EBIT AT EUR 269.4 MILLION (-17.4%)
    * SUCCESSFUL ACQUISITION OF SENIOVO, A START-UP FOCUSED ON
BARRIER-FREE BATHROOM CONVERSIONS, STRATEGICALLY ENHANCING TRADE
OFFER IN GERMANY
    * OUTLOOK 2023: CONFIRMED - MID TO LOWER RANGE OF
GUIDANCEEXPECTEDIN LINE WITH CONSENSUS

Source text for Eikon:  ID:nEQ71gHhRa 
Further company coverage:  HBH.DE 

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