EQS-News: HORNBACH Holding AG & Co. KGaA: HORNBACH Group sales and earnings stabilized in Q2 2023/24
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Wednesday, September 27, 2023
Online, Construction, FY, ICR, Calendar, EBIT, HBU, DIY, Investment, Grand Est, ISIN, Click & Collect, 2022–23 OHL season, Lithium, EU, Q2, EUR
The HORNBACH Group (HORNBACH Holding AG & Co. KGaA Group; ISIN: DE0006083405) increased consolidated net sales in the second quarter (Q2) 2023/24 (June 1, 2023 to August 31, 2023) to EUR 1,667.9 million (+1.1%).
Key Points:
- The HORNBACH Group (HORNBACH Holding AG & Co. KGaA Group; ISIN: DE0006083405) increased consolidated net sales in the second quarter (Q2) 2023/24 (June 1, 2023 to August 31, 2023) to EUR 1,667.9 million (+1.1%).
- Adjusted EBIT development improved in Q2 2023/24 compared to Q1 2023/24 with a y-o-y decline by 13.3% to EUR 111.9 million in Q2.
- In Germany, net sales of HORNBACH Baumarkt AG decreased by 2.4% to EUR 1,563.5 million in H1 2023/24 (H1 2022/23: EUR 1,601.7 million).
- In total, the international share of sales of HORNBACH Baumarkt AG subgroup in H1 2023/24 rose from 50.5% to 51.6%.