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DGAP-Adhoc: HORNBACH Baumarkt AG: 2019/20 earnings forecast raised after significant third-quarter earnings growth

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DGAP-Ad-hoc: HORNBACH Baumarkt AG / Key word(s): Change in Forecast/Quarter
Results
HORNBACH Baumarkt AG: 2019/20 earnings forecast raised after significant
third-quarter earnings growth

10-Dec-2019 / 20:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*2019/20 earnings forecast raised after significant third-quarter earnings
growth*

Bornheim bei Landau, December 10, 2019.
The earnings position of the Hornbach Baumarkt AG Group showed a significant
year-on-year improvement in the third quarter of 2019/20 (September 1 to
November 30, 2019). Based on preliminary figures, net sales rose by 4.8% to
nearly Euro 1,055 million (2018/19: Euro 1,006 million), while operating
earnings adjusted for non-operating items (adjusted EBIT) grew from Euro 4
million in the previous year's quarter to more than Euro 29 million.
Earnings before taxes (EBT) for the same period increased from Euro 1.4
million to around Euro 15 million. This very pleasing earnings performance
in Q3 2019/20 was due in particular to like-for-like sales growth achieved
in Germany and abroad over and above the previous year's already high level
of sales, as well as to improved cost ratios.

Key figures for the first nine months of 2019/20 developed as follows: Net
sales rose by 7.5% to around Euro 3.50 billion (2018/19: Euro 3.26 billion),
while adjusted EBIT grew by almost 50% to around Euro 200 million (2018/19:
Euro 134.3 million). Nine-month EBT increased by nearly 27% to around Euro
157 million (2018/19: Euro 124.2 million).

The significant earnings growth for the third quarter and cumulatively for
the first nine months makes it more likely that full-year earnings for the
2019/20 financial year will exceed recent expectations. Despite potential
weather-related fluctuations and macroeconomic risks in the fourth quarter
of 2019/20 (December 1, 2019 to February 29, 2020), the earnings forecast of
the Hornbach Baumarkt AG Group for the 2019/20 financial year has been
raised. Adjusted EBIT (2018/19: &euro 81.9 million) is now expected to show
growth *in a medium to upper double-digit percentage range *(previously: "by
more than 40%").

The sales forecast for the 2019/20 financial year was confirmed.
Consolidated sales are thus still expected to increase in a medium to upper
single-digit percentage range.

Details about the sales and earnings performance will be published in the
Statement on the Third Quarter of 2019/20 on December 19, 2019
(www.hornbach-group.com).

HORNBACH Baumarkt AG
The Board of Management

Contact:
Axel Mueller
Group Communications and Investor Relations Director
HORNBACH Holding AG & Co. KGaA
Tel. +49 (0) 6348 602444
axel.mueller@hornbach.com

10-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: HORNBACH Baumarkt AG
Hornbachstraße
76878 Bornheim bei Landau/Pfalz
Germany
Phone: +49 (0)6348 / 60 00
Fax: +49 (0)6348 / 60 40 00
E-mail: info@hornbach.de
Internet: www.hornbach.de
ISIN: DE0006084403
WKN: 608440
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 933001

End of Announcement DGAP News Service

933001 10-Dec-2019 CET/CEST



(END) Dow Jones Newswires

December 10, 2019 14:34 ET ( 19:34 GMT)
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