Hornbach strong on home market

The German Hornbach Group reports a sales increase in its DIY retail business of 10.7 per cent to € 863.7 mio for the first quarter (1 March to 31 May 2011). Sales improved by 7.7 per cent in like-for-like and constant currency terms. In Germany sales grew by 11.9 per cent like-for-like. The company’s 42 branches in eight other countries boosted unadjusted sales, including those of a new opening in Czechia at the end of May 2011, by 10.1 per cent to € 359.3 mio. Sales grew by 2.3 per cent like-for-like; the increase amounted to 6.2 per cent including the effects of exchange rates.