HORNBACH Baumarkt AG: Hornbach Baumarkt raises guidance for fiscal year 2021/22

Hornbach Baumarkt raises guidance for fiscal year 2021/22

Bornheim (Palatinate), December 7, 2021
Based on preliminary figures for the third quarter 2021/22 that exceeded expectations, the Management of Hornbach Baumarkt AG (ISIN DE0006084403) lifted the net sales and earnings forecast for the fiscal year 2021/22 today. Nevertheless, in view of the unpredictability of the further course of the Corona pandemic and the risks with regard to sales restrictions, there are still considerable uncertainties in the assessment of the Group’s business performance for the remainder of the fiscal year.

The Management expects net sales and Group operating profit adjusted for non-operating earnings effects (adjusted EBIT) to be in the following ranges:

The preliminary, unaudited figures for the third quarter and the first 9 months 2021/22 are shown in the following table:

The final financial results for the third quarter and the first 9 months 2021/22 will be published on December 22, 2021.

Explanations and reconciliations of the key financial figures used can be found on page 36 et seqq. of the Annual Report 2020/21 of the Hornbach Baumarkt AG Group (available at http://www.hornbach-group.com/FinancialReports).