Upgraded 2021/2022 guidance lifts Hornbach Holding shares

Hornbach Holding AG & Co KGaA

08/12/2021 07:44

** Shares in Hornbach Holding  HBH.DE  jump 2.4% in early
Frankfurt trade after the German DIY store group raised its
2021/2022 guidance  urn:newsml:reuters.com:*:nASN001Z1Z
    ** Hornbach Holding now expects 2021/2022 adj. EBIT between
EUR 330-380 mln (previously between EUR 290-360 mln) and net
sales growth between 2% and 7% (previously 1%-5%) urn:newsml:reuters.com:*:nFWN2O60OT 
    ** The company also reported Q3 adj. EBIT at EUR 55.9 mln
and net sales at EUR 1.40 bln, compared to EUR 66.9 mln and EUR
1.37 bln year ago respectively  
    ** Shares are at top of German small-cap index  .SDAXI  



 (Reporting by Elizaveta Gladun in Gdansk)
 ((elizaveta.gladun@thomsonreuters.com))