DGAP-News: Hornbach Holding AG Group: Trading Statement 2011/2012
(firmenpresse) - DGAP-News: Hornbach Holding AG / Key word(s): Development of Sales
Hornbach Holding AG Group: Trading Statement 2011/2012
22.03.2012 / 07:00
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Trading Statement for 2011/2012: Sales up 6.2% to Euro 3.2 billion
Hornbach Group surfs German housing boom wave
Group reports greatest momentum in Germany - Like-for-like sales up 5.8% at
German DIY megastores with garden centers - Regional builders' merchant
business up almost 12%
Neustadt/Weinstrasse, March 22, 2012. The Hornbach Group, one of Europe's
largest operators of DIY megastores with garden centers, stepped up its
rate of growth in the 2011/2012 financial year compared with the previous
year. Based on preliminary figures published today, net sales at the
Hornbach Holding AG Group for the period from March 1, 2011 to February 29,
2012 grew by 6.2% to Euro 3,204 million (previous year: Euro 3,017
million). With sales growth of 5.8%, the Hornbach-Baumarkt-AG subgroup,
which was operating 134 DIY megastores with garden centers in nine
countries across Europe at the balance sheet date, passed the three billion
euro mark for the first time. Of these sales, 42.4% were attributable to
other European countries. The strongest growth momentum in the past
financial year was seen in Germany, where the company's DIY megastores with
garden centers posted like-for-like sales growth of 5.8% and further
expanded their market share. The Hornbach Baustoff Union GmbH subgroup
increased its net sales by almost 12% to Euro 201 million.
'It's the right time for large-scale construction and renovation projects.
That's especially true for Germany. Record employment figures, high
consumer confidence and low interest rates have boosted housing
construction. We secured a large slice of the cake in the past financial
year, as our concept targets precisely this kind of project customer',
commented Albrecht Hornbach, Chairman of the Board of Management of
Hornbach Holding AG, with regard to the figures.
As in the previous year already, Hornbach's DIY megastores with garden
centers in Germany were among the Group's key growth drivers in the
2011/2012 financial year. Net sales at the 91 stores in Germany rose by
5.4% to Euro 1,729 million (previous year: Euro 1,641 million). On a
like-for-like basis, i.e. excluding stores newly opened or closed in the
past twelve months, DIY sales in Germany grew by 5.8% (previous year:
3.8%). 'We significantly exceeded the high standard set in the previous
year, especially in the second half of the year. During the 2011 calendar
year, we thus extended our lead over the DIY sector to six percentage
points', added Albrecht Hornbach. As a percentage of gross sales at all
German DIY megastores and garden centers (Euro 22.5 billion), Hornbach's
market share rose during the year from 8.8% to 9.2%.
With sales growth of 11.8% to Euro 201 million (previous year: Euro 180
million), the Hornbach Baustoff Union GmbH subgroup, which operates 24
builders' merchant outlets in south-western Germany, made an above-average
contribution to the Group's growth in the 2011/2012 financial year.
Outside Germany (other European countries), Hornbach increased its DIY
sales following the opening of two new stores by 6.5% to Euro 1,272 million
(previous year: Euro 1,195 million). The international stores operated by
the Hornbach-Baumarkt-AG subgroup thus raised their shareof sales from
42.1% to 42.4%. On a like-for-like basis and net of currency items, sales
in other European countries could virtually be maintained at the previous
year's level - and that despite the ongoing sluggish economic recovery in
the East European store network (Romania, Slovakia and Czech Republic).
Excluding currency items, international sales showed a slight decline
(minus 1.0%). Including currency items, like-for-like sales grew by 1.6%.
'Thanks to very pleasing growth momentum in Germany and Western Europe
overall, we more than offset the decline in Eastern Europe,' remarked
Albrecht Hornbach. 'This way, we improved like-for-like sales at the
Baumarkt subgroup by 2.8%, and by 4.0% including currency items.'
Hornbach has not made any changes to its earnings forecast for the full
2011/2012 financial year. Accordingly, operating earnings (EBIT) both at
the Hornbach Holding AG Group and at the Hornbach-Baumarkt-AG subgroup are
expected to exceed the figures of Euro 159 million and Euro 119 million
respectively reported for the 2010/2011 financial year. Complete
information about the Group's earnings performance and its annual financial
statements will be published at the Annual Results Press Conference on May
24, 2012.
Key Figures of the Hornbach 2011/2012 2010/2011 Change Change*adjusted for currency items
Holding AG Group like-for-like
(in Euro million unless financial financial
otherwise stated) year year in % (%)*
Net sales at overall Group 3,204 3,017 6.2
Net sales at Hornbach-Baumarkt-
AG subgroup 3,001 2,836 5.8 2.8
of which in Germany 1,729 1,641 5.4 5.8
of which in other European
countries 1,272 1,195 6.5 -1.0
Net sales at Hornbach Baustoff
Union GmbH subgroup 201 180 11.8
Number of DIY stores 134 133
Sales areas as per BHB (000 m²) 1,549 1,514
Average DIY store size (m²) 11,600 11,400
Rounding up or down may lead to discrepancies between percentages and
totals. Percentage figures calculated on basis of EUR 000s.
End of Corporate News
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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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150775 22.03.2012
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