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           2.1


Rounding 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


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 4.140,99 4.362,39 4.729,22 5.456,18 5.874,96 6.263,13 6.161,00
EBITDA1,2 262,70 235,73 419,80 516,30 564,90 505,40 425,00
EBITDA-Marge3 6,34 5,40 8,88 9,46 9,62 8,07
EBIT1,4 161,17 120,60 213,80 311,89 354,97 258,50 254,00
EBIT-Marge5 3,89 2,76 4,52 5,72 6,04 4,13 4,12
Jahresüberschuss1 95,75 75,14 123,34 201,44 244,51 167,83 139,00
Netto-Marge6 2,31 1,72 2,61 3,69 4,16 2,68 2,26
Cashflow1,7 182,20 54,02 324,45 346,50 344,95 425,45 0,00
Ergebnis je Aktie8 5,11 4,08 6,56 10,33 12,48 9,83 8,20
Dividende8 1,50 1,50 1,50 2,00 2,40 2,40 1,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Hornbach Holding
WKN Kurs in € Einschätzung Börsenwert in Mio. €
608340 73,550 Kaufen 1.176,80
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,55 10,35 0,84 10,11
KBV KCV KUV EV/EBITDA
0,65 2,77 0,19 3,15
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,40 2,40 3,26 05.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.06.2024 27.09.2023 20.12.2023 22.05.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
9,34% 11,83% 11,44% 5,07%
    
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Handel , 608340 , HBH , XETR:HBH