Continued growth stimulus from abroad for Hornbach

It is evident from the company's half-yearly report that the German DIY store operator Hornbach continues to get its greatest growth stimulus from its activities outside Germany. While net sales in Germany increased by 0.3 per cent in the second quarter and by 2.0 per cent in the six-month period, they grew in the rest of Europe by 8.3 and 9.5 per cent respectively. This increased the foreign share of sales by the subgroup in the first six months of the year from 44.6 per cent to 46.3 per cent. Like-for-like sales of the German stores increased by 2.5 per cent in the first half-year, while those of stores abroad grew by 7.1 per cent.
Hornbach Baumarkt AG, which operates 156 DIY retail outlets across Europe, increased its sales overall by 3.9 per cent in the second quarter of 2017/2018 to € 1 042.7 mio and by 5.4 per cent in the first six months of 2017/2018 to € 2.1731 bn. Like-for-like sales net of currency items rose in the second quarter by 2.6 per cent and in the first half of the year by 4.0 per cent.