Shares in DIY store group Hornbach surge as Q2 results beat expectations

Hornbach Holding AG & Co KGaA

30/09/2021 08:41

** Shares in Hornbach Holding  HBH.DE  surge 8%, on track
for best day in over 3 months, after the German DIY store group
posts Q2 revenue, EBIT beat and revises FY guidance
    ** The company reported a 3.8% increase in H1 sales to 1.61
billion euros  ($1.37 billion) and adj. EBIT of 161.9 euros
million vs 335.6 million euros in the year-ago period
 urn:newsml:reuters.com:*:nFWN2QV110
    ** A local trader notes that Q2 revenues and adj. EBIT came
in better than expected
    ** Pareto adds that FY profit guidance, revised at the upper
end of range, "will likely result in some fine-tuning upwards
with consensus estimates"
    ** Shares at top of German small-cap index  .SDAXI 


($1 = 1.1714 euros)

 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))