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Moderate growth resulted in lower revenues than the record levels of the spring quarter of the 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). In addition, earnings per share of the operation was reported after three months to 2.69 euros (the previous year 3.18 euros). The board anticipates that seasonally adjusted first quarter earnings will be recovered in the coming quarters.
In the largest operating sub-group – Hornbach Baumarkt AG (DIY), the turnover increased 2.8% to 1,162 billion euros (1,130 billion euros). billion euros the previous year). Two new high-rise construction and gardening stores in Zwolle (the Netherlands) and Affoltern (Switzerland) also contributed, which were opened in the first quarter. A small building materials store in Alzey (Germany) was closed due to a lack of development prospects. The number of DIY establishments so rises to May 31, 2018 to 157 (February 28, 2018: 156), of which 97 in Germany and 60 in the rest of Europe.
At comparable sales area and without taking into account foreign exchange adjustments, the subgroup's turnover increased by 2.3% in the first three months.
"With a more than 5.4%, the previous year's target was very high, while the weather conditions in the first quarter of 2017-2018 were ideal for both construction and construction projects. renovation, due to the winter conditions of March 2018, we had an unfavorable start to spring this year.However, in the first quarter of 2018/19, we recorded an increase in sales with comparable sales area, in particular because of the particularly positive dynamics outside of Germany, "says 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 area, the business turnover decreased by 0.2% (the previous year plus 3.8%). On the other hand, in the other eight countries where the company operates, the turnover increased by 6.3% to EUR 549.4 million (previous year: EUR 516.9 million). The share of the foreign share in the turnover of the subgroup increased to 47.3% from 45.7%. On a like-for-like basis and excluding foreign exchange adjustments, sales in the rest of Europe rose by 5.2%, after a strong 7.5% gain over the same period last year. last year.
The evolution of the business turnover in the building materials trade was also influenced by the long winter holidays in the construction sector. However, with 64.6 million euros, the subgroup Hornbach Baustoff Union GmbH, which currently operates 27 building materials stores in southwestern Germany and two locations in France near the German border, managed to achieve a turnover the previous year.
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