EQS-News: HORNBACH Group earnings further stabilized in Q3 2023/24
Retrieved on:
Wednesday, December 20, 2023
HORNBACH Group (HORNBACH Holding AG & Co. KGaA Group; ISIN: DE0006083405) sequentially improved its earnings figures in the third quarter (Q3) 2023/24 (September 1, 2023 to November 30, 2023) through increased gross margin due to lower commodity and purchasing prices as well as effective cost management.
Key Points:
- HORNBACH Group (HORNBACH Holding AG & Co. KGaA Group; ISIN: DE0006083405) sequentially improved its earnings figures in the third quarter (Q3) 2023/24 (September 1, 2023 to November 30, 2023) through increased gross margin due to lower commodity and purchasing prices as well as effective cost management.
- Against the challenging backdrop of ongoing consumer caution in big ticket and discretionary spending, consolidated net sales of the Group decreased to EUR 1,485.2 million (-4.0%) in Q3 2023/24.
- The Berlin-based start-up Seniovo is part of the HORNBACH Baumarkt AG Group since December 1, 2023.
- With EUR 48.1 million the adjusted EBIT of HORNBACH Group came in just 1.7% below Q3 2022/23 (EUR 48.9 million).