News | Financial statement press conference

Back

Hornbach targets increased earnings

The German DIY store operator Hornbach is targeting sales growth in the mid-single-digit percentage range and a significantly above-average increase in adjusted operating earnings (EBIT) for the current financial year 2019/2020 (1 March 2019 to 29 February 2020). This intention was made clear at the company's financial statement press conference in Munich.

The company was not satisfied with its profit performance in fiscal 2018/2019. "Unfortunately we were not able to convert customer success into increased profits," commented Albrecht Hornbach. Adjusted for non-operational extraordinary items, EBIT declined in the last financial year by 18.6 per cent to EUR 134.9 mio. In the Hornbach Baumarkt AG division the EBIT declined by 25.6 per cent to EUR 81.9 mio.

As already reported in March, the Hornbach Group increased its net sales by 5.3 per cent to EUR 4.362 bn. The DIY store division likewise increased sales by 5.3 per cent to EUR 4.096 bn. Online retailing, which links Hornbach to its bricks and mortar DIY business to create so-called Interconnected Retail (ICR), experienced double-digit growth compared with the previous year to contribute to the group's sales performance.




|29 May 2019 | 07:07

SEND
 PRINT 

Post a comment

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



(will not be published)

* obligatory fields


Latest news

Hardware Forum Italy 2020 partners with Colorday

The Hardware Forum Italy 2020, the trade fair for the Italian hardware industry, is to take place this year together with the Colorday conference. View news...

Cencosud maintains stable sales in first quarter

The Chilean trade company Cencosud increased its sales in the field of home improvement in the first quarter by 0.6 per cent compared to the same View news...

Davidsen grows by 24 per cent in 2019 after Optimera takeover

The Danish timber merchant Davidsens Tømmerhandel, to which the DIY chain Optimera has also belonged since 2019, made sales last year of DKK 2.3 bn View news...

Mr. Bricolage to open in Gabon, Mauritania and Senegal

The French franchise group Mr. Bricolage aims to open its first DIY store in Gabon this year, according to concept and development director Philippe View news...

DIY International | Service

DIY International Corona special

The Coronavirus crisis and the DIY industry

All news, reports and information from the DIY International editorial team in connection with the corona epidemic at a glance. The pages are constantly updated. As the situation changes very quickly, please note the date and time of the respective publication.

CORONA special

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!