Given the implications of the coronavirus crisis, which remain difficult to predict, the board of management nevertheless sees significant macroeconomic risks for the remaining nine months of the 2020/21 financial year. These are expected to impact negatively on the group's sales and earnings performance in the further course of the financial year. The board of management therefore deems it likely that full-year consolidated sales in 2020/21 will roughly match the figure for the 2019/20 financial year (EUR 4.7 billion) and that consolidated operating earnings adjusted for non-operating earnings items (adjusted EBIT) will fall slightly short of the previous year.
First quarter 2020/2021
Hornbach expects significantly higher sales
Given the implications of the coronavirus crisis, which remain difficult to predict, the board of management nevertheless sees significant macroeconomic risks for the remaining nine months of the 2020/21 financial year. These are expected to impact negatively on the group's sales and earnings performance in the further course of the financial year. The board of management therefore deems it likely that full-year consolidated sales in 2020/21 will roughly match the figure for the 2019/20 financial year (EUR 4.7 billion) and that consolidated operating earnings adjusted for non-operating earnings items (adjusted EBIT) will fall slightly short of the previous year.