Hornbach Holding AG / Key word(s): Change in Forecast
27.11.2012 15:56
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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HORNBACH HOLDING AG reduces forecast
Neustadt a. d. Weinstrasse, November 27, 2012.
The Board of Management of HORNBACH HOLDING AG has updated its sales and
earnings forecast for the current 2012/2013 financial year (March 1, 2012
to February 28, 2013) to account for the unfavorable macroeconomic
framework in Europe. Full-year consolidated sales for 2012/2013 are now
expected at around the previous year's figure of Euro 3.2 billion.
Previously, the target was to generate sales growth in a low single-digit
percentage range.
This more cautious assessment of the company's ongoing business performance
is due to the deterioration in consumer confidence in the second half of
2012/2013. Given the weaker sales performance, the earnings forecast for
the HORNBACH HOLDING AG Group has also been adjusted. Accordingly, the
Board of Management now expects operating earnings (EBIT) for the 2012/2013
financial year to fall short of the record figure of Euro 169 million
reported for the 2011/2012 financial year.
Further details will be released upon publication of the interim report for
the first nine months of 2012/2013 on December 21, 2012
(www.hornbach-group.com).
Contact:
Axel Müller
Investor Relations
Tel. +49-6348-60 2444
axel.mueller@hornbach.com
27.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Hornbach Holding AG
Le Quartier Hornbach 19
67433 Neustadt an der Weinstraße
Germany
Phone:
Fax:
E-mail:
Internet:
ISIN: DE0006083439
WKN: 608343
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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