Hornbach reports ongoing strong growth trend

Due to customer demand remaining high, the strong growth trend of the Hornbach Baumarkt AG Group has continued to date in the second quarter also (1 June to 31 August 2020) of fiscal 2020/21, according to the company. Provisional, unverified figures suggest that cumulative sales and adjusted EBIT have risen substantially in the first five months of the reporting year. Following the initial provisional results, group sales in both the second quarter and in the first half of 2020/21 will probably increase by around a fifth.
The forecast published for fiscal 2020/21 in the 2019/20 annual report of the Hornbach Baumarkt AG Group has therefore been adjusted. The board makes it clear that the opportunities and risks associated with the coronavirus crisis are considerable and difficult to estimate. This is reflected in relatively wide ranges for the updated sales and revenue forecast for 2020/2021 as a whole. It is expected according to these that group sales (previous year: EUR 4.4 bn) will grow in a band between plus 5 and plus 15 per cent. Depending on the extent of possible cyclical effects, the board currently believes that the adjusted EBIT will lie in a bandwidth of EUR 180 to 280 million (previous year: EUR 182 mio).