Hornbach Holding AG / Key word(s): Development of Sales Trading Statement for 2013/2014: Hornbach Group boosts sales by DIY megastores with garden centers achieve turnaround, posting like-for-like growth of 2.7 percent - Other European countries make up shortfall - Builders' merchant business increases sales by 4.1 percent Neustadt/Weinstrasse, March 20, 2014. The increasing growth momentum seen in the course of the 2013/2014 financial year (March 1, 2013 to February 28, 2014) was driven in particular by the 92 Hornbach DIY megastores with garden centers in Germany. These boosted twelve-month domestic sales at the Hornbach-Baumarkt-AG subgroup by 5.0 percent to Euro 1,827 million. On a like-for-like basis, i.e. excluding stores newly opened or closed in the past twelve months, sales in Germany grew by 4.9 percent. The company thus expanded its domestic market share from 9.3 percent to 10.0 percent in 2013. Germany: Significant growth in defiance of sector trend Furthermore, the DIY business benefited from mild weather conditions. New construction and renovation projects witnessed virtually no winter break in the final quarter (December 2013 to February 2014). This factor also favored developments at the Hornbach Baustoff Union GmbH, whose 27 regional builders' merchants outlets improved their sales by 4.1 percent to Euro 216 million in 2013/2014. According to company information, the end of the recession in Europe led to a gradual improvement in consumer confidence from spring 2013 onwards. "Consumers are once again willing to invest more cash in construction and DIY projects", remarked Albrecht Hornbach. Against this backdrop, the performance of the Hornbach stores in other European countries consistently improved from the second quarter of the financial year. "Compared with the previous year, we have seen an increase in the number of countries across our network reporting adjusted sales growth," added Hornbach. Details of the earnings performance and the annual financial statements will be presented at the Annual Results Press Conference on May 27, 2014.
*adjusted for currency items End of Corporate News 20.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Hornbach Holding AG | |
Le Quartier Hornbach 19 | ||
67433 Neustadt an der Weinstraße | ||
Germany | ||
ISIN: | DE0006083439 | |
WKN: | 608343 | |
Indices: | SDAX | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart | |
End of News | DGAP News-Service |
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