22.12.2016
Hornbach Holding AG & Co. KGaA DE0006083405
DGAP-News: Hornbach Holding AG & Co. KGaA: Pleasing third quarter takes Hornbach Group's nine-months earnings ahead of previous year
DGAP-News: Hornbach Holding AG & Co. KGaA / Key word(s): 9-month
figures/Quarterly / Interim Statement
Hornbach Holding AG & Co. KGaA: Pleasing third quarter takes Hornbach
Group's nine-months earnings ahead of previous year
22.12.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Pleasing third quarter takes Hornbach Group's nine-months earnings ahead of
previous year
Consolidated sales up 5.9% to around Euro 3.2 billion in first nine
months / DIY stores with like-for-like growth of 4.0% - Builders' merchant
sales up 4.6% / Nine-month operating earnings (EBIT) rise 5.7% to Euro
182.3 million / Disproportionate earnings growth in third quarter
Neustadt a. d. Weinstrasse, December 22, 2016.
Driven by a pleasing third-quarter business performance, earnings at the
Hornbach Group (Hornbach Holding AG & Co. KGaA Group) for the first nine
months of the financial year (March 1 to November 30, 2016) exceeded the
previous year's figure. Based on sales growth of 5.9% to Euro 3,155.4
million in the first nine months (2015/2016: Euro 2,980.2 million),
operating earnings (EBIT) rose by 5.7% to Euro 182.3 million (2015/2016:
Euro 172.5 million). Earnings per Holding share improved by 2.0% to Euro
6.06 (2015/2016: Euro 5.94). The full-year sales and earnings forecasts for
2016/2017 (balance sheet date: February 28, 2017) have been confirmed.
"We boosted our earnings strength once again in the third quarter of
2016/2017 compared with the previous year. Our sales growth was very
pleasing in this year's fall season, and that both in Germany and other
European countries. An increasing share of this success is also due to our
online activities", commented Albrecht Hornbach, Chairman of the Board of
Management of Hornbach Management AG.
According to Albrecht Hornbach, the third-quarter earnings growth was also
due to a high level of cost awareness at the Group. Overall, the Hornbach
Group's store, pre-opening, and administration expenses grew less rapidly
than sales in both the third quarter and the nine-month period. "And we
achieved this while continuing to channel substantial funds into the
increasing digitization of our business model", stressed Hornbach. He is
convinced that "our interconnected retail strategy, i.e. the smart
dovetailing of stationary and online businesses, is the key to sustainable
success."
DIY stores with garden centers increase nine-month sales by 6.0%
Sales at Hornbach Baumarkt AG, the largest operating subgroup (DIY retail),
grew by 4.4% to Euro 900.9 million in the third quarter (September 1 to
November 30, 2016). The 154 Hornbach DIY stores with garden centers in nine
European countries - and thus unchanged on the previous quarter - increased
their net sales for the first nine months of 2016/2017 by 6.0% to almost
Euro 3.0 billion. On a like-for-like basis and net of currency items, DIY
sales rose by 3.0% in the third quarter and by 4.0% in the first nine
months of the 2016/2017 financial year.
The Hornbach stores outside Germany continue to report the highest sales
growth. Like-for-like sales in the international business added 3.9% to the
already high previous year's figure in the third quarter and rose by 6.1%
in the nine-month period. In Germany, the like-for-like sales growth of
2.2% in the third quarter and 2.4% in the nine-month period was in line
with the first six months. Cumulative nine-month EBIT at this subgroup grew
by 4.5% to Euro 133.0 million (2015/2016: Euro 127.3 million).
The Hornbach Baustoff Union GmbH (HBU) subgroup, which is even more closely
aligned to the needs of professional construction customers than the
Hornbach Baumarkt AG subgroup, increased its net sales for the third
quarter of 2016/2017 by 8.4% to Euro 67.4 million (2015/2016: Euro 62.2
million). Nine-month sales rose by 4.6% to Euro 190.7 million (2015/2016:
Euro 182.4 million), while EBIT showed slightly disproportionate growth of
5.0% to Euro 8.7 million (2015/2016: Euro 8.3 million).
When presenting the nine-month results, the Board of Management also
confirmed the full-year sales and earnings forecasts for 2016/2017.
Accordingly, both the Hornbach Group and the Hornbach Baumarkt AG subgroup
are still expected to achieve sales growth in a medium single-digit
percentage range. Excluding non-operating income and expenses, EBIT is
expected to match the previous year's level (Euro 99.3 million) at the
Hornbach Baumarkt AG subgroup and to match or slightly exceed the figure
for the 2015/2016 financial year (Euro 151.2 million) at the overall
Hornbach Holding Group.
Note:
The quarterly statements of Hornbach Holding AG & Co. KGaA and Hornbach
Baumarkt AG can be downloaded from the "Publications" section of our
website at: www.hornbach-group.com.
Key Figures of the Hornbach Group for the 3rd Quarter and First Nine Months
at a Glance
Key figures 3rd Quarter 3rd Quarter ± Hornbach Holding AG & Co. KGaA Group (in Euro million, unless 2016/2017 2015/2016 in % otherwise stated) Net sales 968.7 925.6 4.7 of which Hornbach 900.9 863.0 4.4 Baumarkt AG subgroup - Germany 490.0 480.4 2.0 - Other European 410.9 382.5 7.4 countries Like-for-like sales 3.0% 2.9% growth (DIY) of which Hornbach 67.4 62.2 8.4 Baustoff Union GmbH subgroup Gross margin (as % of 35.7% 35.8% net sales) EBIT 29.8 21.3 39.9 Consolidated net income 15.8 11.6 36.5 1) Earnings per share 0.91 0.71 28.2 (Euro) Key figures 9 Months 9 Months ± Hornbach Holding AG & Co. KGaA Group (in Euro million, unless otherwise stated) 2016/2017 2015/2016 in % Net sales 3,155.4 2,980.2 5.9 of which Hornbach Baumarkt AG subgroup 2,963.4 2,796.4 6.0 - Germany 1,632.8 1,596.5 2.3 - Other European countries 1,330.6 1,199.9 10.9 Like-for-like sales growth (DIY) 4.0% 1.8% of which Hornbach Baustoff Union GmbH subgroup 190.7 182.4 4.6 Gross margin (as % of net sales) 36.3% 36.9% EBIT 182.3 172.5 5.7 Consolidated net income 1) 117.7 116.7 0.8 Earnings per share (Euro) 6.06 5.94 2.0 Misc. key figures November 30, 2016 February 29, 2016 ± Hornbach Holding AG & Co. KGaA Group (in Euro million. in % unless otherwise stated) Shareholders' equity 52.6% 49.8% as % of total assets Number of DIY stores 154 153 0.7 with garden centers Sales area of DIY 1,791 1,771 1.1 stores with garden centers in 000 m² Number of employees 17,740 17,373 2.1Rounding up or down may lead to discrepancies between percentages and totals. Calculation of percentage figures based on Euro 000s. 1) Including minority interests pursuant to IFRS --------------------------------------------------------------------------- 22.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Hornbach Holding AG & Co. KGaA Le Quartier Hornbach 19 67433 Neustadt an der Weinstraße Germany ISIN: DE0006083405 WKN: 608340 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 532335 22.12.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Hornbach Holding AG & Co. KGaA ISIN: DE0006083405 können Sie bei EQS abrufen
Handel , 608340 , HBH , XETR:HBH