Brief: Hornbach Sees FY Net Sales At Around The Level Of 2022/23

Hornbach Holding AG & Co KGaA

16/05/2023 06:05

May 16 (Reuters) - HORNBACH HOLDING AG & CO KGAA
 HBH.DE :
    * DELIVERS RECORD SALES PERFORMANCE AMID UNCERTAIN BACKDROP
AND
ADOPTS CAUTIOUS OUTLOOK FOR THE FINANCIAL YEAR 2023/24
    * FY ADJUSTED CONSOLIDATED OPERATING EARNINGS (EBIT)
DECREASED -
IN LINE WITH GUIDED RESULTS AND PRELIMINARY FIGURES - BY 20.0%
TO EUR 290.1 MILLION (+28% VERSUS. 2019/20)
    * OUTLOOK: NET SALES AROUND LEVEL OF 2022/23, ADJUSTED EBIT
FOR
FISCAL 2023/24 IN LIGHT OF CHALLENGING ENVIRONMENT WITH DOWNSIDE
RISK (-5% TO -15%)
    * OUTLOOK: NET SALES AROUND LEVEL OF 2022/23, ADJUSTED EBIT
FOR
FISCAL 2023/24 IN LIGHT OF CHALLENGING ENVIRONMENT WITH DOWNSIDE
RISK (-5% TO -15%)
    * STABLE DIVIDEND PROPOSED AT EUR 2.40 - TO BE CONFIRMED AT
ANNUAL
GENERAL MEETING ON JULY 7, 2023
    * FY 2022/23 NET SALES INCREASED BY 6.6% TO EUR 6.3 BILLION
BASED
ON STABLE AND STRONG DEMAND FOR CONSTRUCTION AND DIY PRODUCTS
AMID PERSISTENT INFLATIONARY ENVIRONMENT

Source text for Eikon:  ID:nEQ25LSFJa 
Further company coverage:  HBH.DE 

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