News | The coronavirus effect

Back

Hornbach: sales up 18 per cent, earnings almost doubled

Hornbach reports sales growths of 18.4 per cent in its first quarter 2020 (March to May).

Hornbach reports sales growths of 18.4 per cent in its first quarter 2020 (March to May).

The German DIY store chain Hornbach has reported a rapid increase in sales by its DIY stores and almost doubled earnings due to the coronavirus crisis. According to initial preliminary results, sales in the first quarter (1 March to 31 May 2020) have grown by 18.4 per cent to EUR 1.492 bn. The operating earnings adjusted for non-operating impacts on earnings (adjusted EBIT) increased by around 90 per cent to around EUR 160 mio.

The reason for the significant improvement in earnings is essentially the strong sales growth at home and abroad, reports the company ad hoc. They state that in the course of the coronavirus crisis, customer demand in the stationary and online business has risen significantly since mid March - also benefited by the pleasant spring weather in 2020. The largest sales growths were achieved in May 2020 with plus 36 per cent (March 2020: minus 2 per cent; April 2020: plus 17 per cent), after all of the initially up to 64 Hornbach stores which were effected by official sales restrictions were reopened.

|12 June 2020 | 12:41


Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

The pandemic has turned the French into better DIYers

Due to the pandemic, living and the home have become more important to the French. In the past two years, they have taken on more improvement View news...

“I just love trade fairs”: John Herbert talks with Gerald Böse

The fact that the international home improvement and gardening industry hopes to be able to visit trade fairs again next year was made clear once View news...

How do I get on page 1 of the Amazon search?

How to work successfully as a supplier with the data-driven business model of e-commerce market leader Amazon was the subject of another online View news...

German home improvement sales in 2021 significantly short of previous year

This year, home improvement stores in Germany are set to experience a 9.1 per cent downturn in sales compared with the record year of 2020. This View news...