Hornbach acceleration

In the final three months of the nine-month period from 1 March – 30 November 2010 Hornbach, a Palatinate-based DIY group, recorded accelerated growth of both sales and profits. Following an increase of 7.5 per cent to € 765.4 mio in the third quarter, the net sales of the Hornbach Holding AG group at the end of the nine months rose by 4.8 per cent to € 2 422.2 mio (previous year € 2 311.3 mio). The operating result (EBIT) of the Hornbach group improved in the first nine months of the current 2010/2011 financial year disproportionately to the sales increase, growing by 11.1 per cent to € 169.6 mio (previous year € 152.6 mio). At the same time, the DIY stores in Germany saw especially positive development, which resulted in a sales plus of 6.4 per cent in the third quarter.