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.
The coronavirus effect
Hornbach: sales up 18 per cent, earnings almost doubled
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.