Hornbach is confident for the year 2018/19 – Companies

Despite a weaker spring season due to weather conditions, the Hornbach Group (Hornbach Holding AG & Co. KGaA) is pleased with the performance of the first quarter of 2018/19 and confirms the forecast of revenue and sales. business figure for the full financial year, according to the release sent to the editorial board.
The company's turnover increased by 2.7% in the first quarter of 2018/19 (March 1 to May 31, 2018), reaching 1,227.3 million euros (1,195 , 5 million euros the previous year). According to forecasts, the moderate increase over the prior year's business figure, linked to weaker commercial additions, resulted in lower revenues than the spring quarter's record level of sales. 39, previous year. Operating profit (EBIT) adjusted for non-operating results decreased by 14.8% to EUR 78.9 million (previous year: EUR 92.6 million). The result by holding of the operation was declared after three months to 2.69 euros (the previous year 3.18 euros). The Board of Directors expects the seasonally adjusted first quarter results deficit to be recovered in the coming quarters.
In the largest operating subgroup, Hornbach Baumarkt AG (DIY retail), the turnover rose 2.8% to 1,162.1 million euros. (1,130.3 million euros the previous year). Two new building materials and gardeners with a large sales area contributed to this aspect of Zwolle (Netherlands) and Affoltern (Switzerland), which were opened in the first quarter. A small-scale retail building materials store in Alzey (Germany) was closed due to lack of development prospects. The number of DIY retailers is increasing from May 31, 2018 to 157 (February 28, 2018: 156), including 97 in Germany and 60 in the rest of Europe, according to the statement.
On a comparable sales area and without taking into account exchange rate adjustments, the subgroup's sales turnover increased by 2.3% in the first three months.
"With the addition of 5.4%, the previous year's goal was very high, while the weather conditions of the first quarter 2017/18 were ideal for construction projects and renovations due to winter conditions in March 2018. We had an unfavorable start to growth in the spring of this year, but we recorded in the first quarter of 2018/1919 an increase in sales-to-sales comparable, especially because of the particularly gloomy dynamics out of Germany, "said Roland Pelka, member of the board of directors.
With a turnover of 612.7 million euros, the net business turnover of HORNBACH building materials stores on the German market was almost identical to the first quarter of the year. 39, previous year (613.4 million euros the previous year). On a comparable sales perimeter, the turnover decreased by 0.2% (the previous year plus 3.8%). On the other hand, in the other eight countries where Hornbach operates, the turnover rose by 6.3% to 549.4 million euros (516.9 million euros). Previous year). The share of the foreign share in the turnover of the Hornbach Baumarkt AG subgroup went from 45.7% to 47.3%. On a comparable sales area and without taking into account exchange rate adjustments, the business turnover in the rest of Europe grew by 5.2%, after a strong asset of 7.5% over the same period of the previous year.

reads the new trends in the field in the magazine BURSA Constructions