Economy: DGAP-News: HORNBACH Holding AG & Co. KGaA: Hornbach continues to increase sales

Like-for-like sales increase ^

DGAP-News: HORNBACH Holding AG & Co. KGaA / Keywords:

Quarterly / quarterly results / interim report

HORNBACH Holding AG & Co. KGaA: Hornbach continues to increase sales –

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adjusted EBIT well above pre-Covid level

June 29, 2012 / 06:58

The issuer / publisher is responsible for the content of the application.

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Hornbach continues to increase sales – adjusted EBIT well above

level before covid

* Strong customer demand for construction and DIY products: group sales

an increase of 8.1% compared to the first quarter of 2021/22

* Adjusted EBIT of EUR 148.3 million more than 50% above the level before

pandemic, but 12.3% below the record for the previous year

* macroeconomic risks and challenges related to inflation,

Supply chains and product prices have changed in the last few weeks

further solidified and affected the outlook

* Forecast for full year 2022/23 revised June 13, 2022: slight

Revenue growth confirmed, adjusted EBIT low

expected two-digit percentage range

Table 1: Key data of the HORNBACH Holding AG & Co. KGaA

(in million euro, unless otherwise stated) Q1 Q1 ± in

2022/23 2021/22%

Net sales 1,813.4 1,678.1 8.1

including Hornbach Baumarkt AG subgroup 1 705.3 1 157.8 8.2

– Germany 853.2 814.9 4.7

– rest of Europe 852.1 760.9 12.0

Like-for-like (DIY) sales growth 1) 5.3% 4.3%

including Hornbach Baustoff Union GmbH subgroup 108.0 101.9 6.0

Gross profit 620.1 596.0 4.1

Trade margin (as a percentage of net sales) 34.2% 35.5%

EBIT 148.6 169.1 -12.-

2

Adjusted EBIT2) 148.3 169.1 -12.-

3

Adjusted EBIT margin 8.2% 10.1%

Consolidated profit before tax 141.2 157.5 -10.-

3

Profit for the period before share in other people’s profits 106.9 118.0 -9.4

shareholder

Earnings per share of Hornbach Holding (in euro) 6.14 5.83 5.3

Investments 52.3 55.1 -5.0

1) Currency adjustment; including the sale of all affiliates that were away at least

are open for a year and include online trading

2) Adjusted for non-operating income and expenses

Rounding differences may occur in percentages and numbers.

Percentages are calculated based on TEuros.

Bornheim (Palatinate), Germany, June 29, 2022

The Hornbach Group (Hornbach Holding AG & Co. KGaA Group) in the first

Quarter (Q1) 2022/23 (March 1 to May 31, 2022) due to solid

customer demand continued to sell versus the previous year’s record high

increased. Group sales increased by 8.1% to EUR 1,813.4 million (2021/22:

EUR 1 678.1 million). A multi-year comparison confirms that

The company’s profitability is still much higher than in the years before

years before the pandemic. Adjusted for the impact for non-operating earnings

operating result (adjusted EBIT) was EUR 148.3 million in Q1 2022/23

below the record value of the same quarter last year (EUR 169.1 million), but by

53.1% significant compared to the first quarter of 2019/20. For the current financial year 2022/23

is expected by the Management Board in line with the revised forecast of June 13

2022 continued a slight increase in sales, but a decline

adjusted EBIT levels in the lower two-digit percentage range.

“Demand for construction products and home improvement remains high and

the first quarter of 2022/23 was record-breaking for the company. we

are convinced that consumers focus on their own

the immediate surroundings and their home is a long-term trend that

will continue. However, we do not know how they last

inflation and geopolitical uncertainty in the coming months

will affect consumer behavior “- comments Erich Harsch,

Chairman of the Board of HORNBACH Baumarkt AG.

DIY hypermarkets with garden centers with like-for-like growth of 5.3%

The largest operating subgroup Hornbach Baumarkt AG (DIY retail),

which as of May 31, 2022 had a total of 169 large DIY stores with garden centers and

Online stores in nine European countries increased net sales

by 8.2% to EUR 1,705.3 million (2021/22: EUR 1,575.8 million). area i

Adjusted for FX effects, DIY sales increased in the first three months

by 5.3% in the entire subgroup (2021/22: 4.3%).

Net sales of Hornbach DIY stores in Germany increased in the first year

the quarter by 4.7% to EUR 853.2 million (2021/22: EUR 814.9 million). on

Like-for-like sales increased by 4.4% (2021/22: minus 0.1%). in

Markets in Germany were still in the first quarter of the previous year 2021/22

affected by sales restrictions related to the pandemic. By partial openings

gardens and the intensively used “click and pick up” option

however, this does not turn out to be significantly negative.

Outside Germany, net sales increased by 12.0% to EUR 852.1 million

(2021/22: EUR 760.9 million). The changes in the rest of Europe were partial

characterized by catching-up effects after closings in the previous year, especially in

The Netherlands and the Czech Republic. They were in other regions

development below very good values ​​from the previous year (Austria, Switzerland),

sometimes due to unfavorable weather conditions at the beginning of the year

spring. Foreign sales share in the Hornbach subgroup

Baumarkt AG increased from 48.3% to 50.0%. In a comparable area and

after adjusting for exchange rate differences, sales in other European countries increased by 6.2% (2021/22:

9.5%).

Online sales (including Click & Collect) have grown significantly

higher than before the pandemic and accounted for 15.3%

combined sales of the Hornbach Baumarkt subgroup. Compared to

The quarter of the previous year in which stationary trade in some regions

was limited, especially the click and pick up was as expected

much less used. In turn, direct mail sales shifted

only slightly below the previous year. Overall, online sales fell in Q1 2022/23

compared to the previous year by 30.4% to EUR 261.4 million.

The Hornbach Baustoff Union GmbH (HBU) subgroup increased sales

by 6.0% to EUR 108.0 million (2021/22: EUR 101.9 million) and thus increased

again the record development from the previous year (plus 20.5%). FROM

The subgroup currently operates 35 building materials stores in southwestern Germany

(including the location in Börrstadt acquired on March 1, 2022,

Rhineland-Palatinate), as well as two locations close to the border in France (Lorraine).

With the acquisition of two building material stores in Saarbrücken and Saarlouis

the number of locations will increase to a total of 39 from July 1, 2022.

Adjusted EBIT well above pre-pandemic levels but below

value from the previous year

The adjusted EBIT of the Hornbach Group increased by 53.1% to EUR 148.3 million

pre-pandemic level (2019/20: € 96.9 million). Compared to

Record-breaking Q1 2021/22 adjusted EBIT decreased by 12.3%, which was mainly

to inflationary pressures and higher transport and logistics costs

which weighed on the span of a hand. Moreover

higher store costs and further normalization

reduced marketing expenses during a pandemic. Cleaned up

The EBIT margin was 8.2% in Q1 2022/2023, i.e. 1 percentage point higher than in Q1

2019/20 before the pandemic.

Earnings per share increased to EUR 6.14 (2021/22: EUR 5.83) in the result

higher share of 90.86% in Hornbach Baumarkt AG after

successfully completed the recall offer on February 28, 2022.

Revised Forecast Confirmed: Slight Sales Growth And Lower

two-digit decline in adjusted EBIT for the financial year 2022/23

expected

On June 13, 2022, the Hornbach Group confirmed its sales forecast for

The entire year 2022/23 showing a slight increase compared to the financial year

2021/22 (EUR 5 875.0 million). However, the profit forecasts were:

adjusted and now also reflects the heightened macroeconomic risks

more explicit and well-established challenges related to

Inflation, supply chains and product prices reflected in the second quarter. For

Full-year Adjusted EBIT will drop to low double digits

The percentage range over the record value of EUR 362.6 million in the financial year 2021/22

expected.

“We have seen that purchasing and logistics costs have risen over the past few weeks

continued to rise and inflation is expected to continue for the foreseeable future

time will remain elevated. Given these events, we have kept it

appropriate to adjust the perspective. We keep developing costs

in order and we continue to focus on achieving ours

organic growth strategy – our expansion plans and those that are being implemented

It will not affect investment in combined retail. “

says Albrecht Hornbach, CEO of Hornbach Management AG.

Table 2: Other key data: Hornbach Holding AG & Co. KGaA Group

May 31 February 28 ± in

2022 2022%

Equity as a percentage of 41.7% 40.9%

total assets

Number of retail outlets 3) 169 167 1.2

Sales area according to BHB (in m2) 4) 2004 1,978 1.3

Employees (number) 5) 24,771 24,268 2.1

3) including 167 DIY and garden stores and two Bodenhaus specialty stores

4) BHB sales area: closed hall (heated or unheated): 100%;

Covered open area (unheated): 50%; Building materials entry (unheated): 50%;

Unprotected open area (unheated): 25%.

5) Number of employees as of May 31, including passive employees

labor relations

Attention

The quarterly report of Hornbach Holding AG & Co. KGaA is on ours

The website is available at: www.hornbach-group.com/financial raporty.

About the HORNBACH Group

The HORNBACH Group is independent, family-owned

Retail group under the umbrella of HORNBACH Holding AG & Co. KGaA,

listed on the Frankfurt Stock Exchange and represented on the SDAX. this

the largest subsidiary of HORNBACH Baumarkt AG is active on a large scale 169

DIY stores and garden centers (including specialty stores) and online stores in nine

European countries. The group also includes HORNBACH

Baustoff Union, a regional building materials company with 37 locations

in southwestern Germany and France and HORNBACH Immobilien AG,

which deals with the construction of commercial facilities for the group. In the financial year

The HORNBACH Group achieved 2021/22 (balance sheet date: February 28, 2022).

net sales of EUR 5.9 billion, making it one of the top five

A trading company for construction and gardening supplies in Europe. Group

employs over 25,000 people.

Contact for the press and investor relations

Antje Kelbert Head of the Communication Department and Anne Spies Investor

Investor Relations T: +49 (0) 6348/60 Relations Manager T: +49

2444 [1][email protected] (0) 6348/60 4558

Florian Preuss Head of the Public Relations Department T: [1][email protected]

+49 (0) 6348/60 2571 1.

[2][email protected] 1.mail it:[email protected]

post office:[email protected] 2. bach.com

post office:[email protected]

HORNBACH Holding on Linkedin

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June 29, 2022 publication of corporate news / financial announcement,

provided by DGAP – EQS Group AG service.

The issuer / publisher is responsible for the content of the application.

DGAP distribution services include statutory reporting requirements,

Corporate / financial news and press releases.

Media archive at http://www.dgap.de

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German

Company: HORNBACH Holding AG & Co. KGaA

Hornbachstraße 11

76879 Bornheim

Germany

ISIN: DE0006083405

WKN: 608 340

Indices: SDAX

Exchanges: Regulated market in Frankfurt (Prime Standard);

Open market in Berlin, Dusseldorf, Hamburg, Hannover,

Munich, Stuttgart, Tradegate Exchange

EQS message ID: 1385841

End of news DGAP news service

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1385841 June 29, 2022

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