DGAP-News: Hornbach Holding AG / Key word(s): Development of Sales
Hornbach Holding AG: Hornbach Group boosts sales by 6.0 percent to
Euro 3.57 billion
24.03.2015 / 07:00
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Hornbach Group boosts sales by 6.0 percent to Euro 3.57 billion
Trading Statement for 2014/2015: Growth momentum accelerates compared with
previous year / DIY megastores with garden centers increase like-for-like
sales by 5.5 percent in Germany and 2.8 percent in international business
Neustadt/Weinstrasse, March 24, 2015.
The Hornbach Group (Hornbach Holding AG Group) stepped up its pace of
growth in the past 2014/2015 financial year compared with the previous
year. Consolidated sales for the period from March 1, 2014 to February 28,
2015 showed group-wide growth of 6.0 percent (2013/2014: 4.3 percent) to
Euro 3,572 million. Hornbach-Baumarkt-AG, the largest operating subgroup
with 146 DIY megastores and garden centers in nine countries across Europe
at the balance sheet date on February 28, 2015, increased its sales by 6.5
percent to Euro 3,357 million. On a like-for like basis and net of currency
items, group-wide DIY and garden store sales grew by 4.4 percent. This
growth was driven by the stores both in Germany and in other European
countries. The international share of sales within the Baumarkt subgroup
most recently amounted to 41.4 percent.
Germany steps up another gear
The strongest growth momentum came once again from Germany. Full-year sales
at the Hornbach-Baumarkt-AG subgroup's 97 DIY megastores with garden
centers in its home market rose by 7.6 percent to Euro 1,966 million. This
figure includes sales at seven locations newly opened and one newly
extended in Germany. Like-for-like sales in Germany, i.e. excluding stores
newly opened or closed in the past twelve months, grew by 5.5 percent.
Hornbach expanded its share of its domestic market from 10.0 percent to
11.0 percent in 2014.
"Our like-for-like sales growth in Germany is remarkable. The previous year
benefited very significantly from market consolidation factors in the wake
of the Praktiker insolvency and the mild winter in 2013/2014. This set a
very high standard to beat, especially in the second half of the year. As
the figures show, we have clearly stepped up another gear", commented
Albrecht Hornbach, Chairman of the Board of Management of Hornbach Holding
AG. "Together with our high-performing online retail, our stationary DIY
stores and garden centers offer real added value to customers, particularly
those planning to tackle larger-scale construction and renovation
projects."
Other European countries return to like-for-like growth
The Hornbach Group can also report pleasing growth for the 2014/2015
financial year in its eight country markets outside Germany. Including one
new store opening, DIY sales in other European countries rose 5.0 percent
(2013/2014: 3.5 percent) to Euro 1,390 million.
Like-for-like sales performance at Hornbach DIY megastores with garden
centers * (in percent)
<pre>
2014/2015 financial 1st 2nd 3rd 4th Total
year quarter quarter quarter quarter
2013/2014 financial
year
Group 14.6 -1.0 1.0 2.4 4.4
-5.9 4.6 4.6 10.6 2.7
Germany 19.4 -1.0 1.4 1.8 5.5
-5.8 7.7 7.0 14.1 4.9
Other European
countries 8.2 -1.0 0.6 3.4 2.8
-6.1 0.5 1.5 5.9 -0.1
</pre>
* excluding currency items
The international business achieved a turnaround in its like-for-like sales
net of currency items. After three consecutive years of decline, Hornbach's
international stores posted substantial adjusted sales growth of 2.8
percent in 2014/2015 (2013/2014: -0.1 percent).
According to the company, these figures also reflect the overall
improvement in the macroeconomic framework for consumers and construction
clients outside Germany compared with the previous year. Hornbach can
report significantly improved sales momentum in all of its country markets.
"What is pleasing for us is that we have yet again grown faster than the
DIY sector average, and that not only in Germany, but also across most of
our international network", added Albrecht Hornbach.
In 2014/2015, Hornbach Baustoff Union GmbH had to match the high standard
set in the strong previous year. At Euro 213 million, sales at this
subgroup, which operated an unchanged total of 27 builders' merchant
outlets at the balance sheet date on February 28, 2015, fell only slightly
short of the previous year's figure of Euro 216 million.
Details of the earnings performance and the annual financial statements
will be presented at the Annual Results Press Conference on May 28, 2015.
<pre>
Preliminary key figures of Hornbach 2014/2015 2013/2014 Change
Holding AG Group
(in Euro million unless otherwise financial financial in %
stated) year year
Net sales at overall Group 3,572 3,369 6.0
Net sales at Hornbach-Baumarkt-AG
subgroup 3,357 3,152 6.5
of which in Germany 1,966 1,827 7.6
of which in other European countries 1,390 1,325 5.0
Net sales at Hornbach Baustoff Union
GmbH subgroup 213 216 -1.1
Number of DIY stores 146 141 3.5
Sales areas as per BHB (000 m²) 1,704 1,647 3.5
Total workforce of HORNBACH Group2) 16,455 16,021 2.8
</pre>
1) adjusted for currency items
2) head count at balance sheet date on February 28
Rounding up or down may lead to discrepancies between percentages and
totals. Percentage figures calculated on basis of Euro 000s.
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Language: English
Company: Hornbach Holding AG
Le Quartier Hornbach 19
67433 Neustadt an der WeinstraÃe
Germany
ISIN: DE0006083439
WKN: 608343
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News-Service
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336231 24.03.2015
DGAP-News: Hornbach Holding AG: Hornbach Group boosts sales by 6.0 percent to Euro 3.57 billion
| Source: EQS Group AG