Weak performance

The group sales (net) of Hornbach Baumarkt AG in the first quarter showed an increase of 5.4 per cent to € 617 mio. Comparable sales of the DIY and garden stores were down by 0.5 per cent. A drop of 1.3 per cent was recorded in Germany in like-for-like terms, whereas comparable store sales abroad went up by 1.2 per cent. According to initial interim figures, first-quarter results in the Hornbach Baumarkt AG group are clearly below last year's results. EBITDA fell by 21 per cent to € 47 mio, and pre-tax results were also down by 37 per cent to € 26 mio.