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DGAP-Adhoc: Hornbach Holding AG & Co. KGaA: 2019/20 earnings forecast raised after significant third-quarter earnings growth

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DGAP-Ad-hoc: Hornbach Holding AG & Co. KGaA / Key word(s): Change in
Forecast/Quarter Results
Hornbach Holding AG & Co. KGaA: 2019/20 earnings forecast raised after
significant third-quarter earnings growth

10-Dec-2019 / 20:46 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 *

Neustadt an der Weinstrasse, December 10, 2019.
The earnings position of the Hornbach Group (Hornbach Holding AG / Co. KGaA
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 5.0% to Euro 1,139 million (2018/19: Euro 1,085 million),
while operating earnings adjusted for non-operating items (adjusted EBIT)
more than doubled to almost Euro 42 million (2018/19: Euro 19.7 million).
Earnings before taxes (EBT) for the same period increased from Euro 16.1
million to more than Euro 30 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 7.8% to around Euro 3.75 billion (2018/19: Euro 3.48 billion),
while adjusted EBIT grew by 33% to around Euro 240 million (2018/19: Euro
180.6 million). Nine-month EBT increased by more than 24% to around Euro 206
million (2018/19: Euro 165.8 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 Group for the 2019/20 financial year has been raised. Adjusted
EBIT (2018/19: &euro 134.9 million) is now expected to show growth *in a low
to medium double-digit percentage range *(previously: "by more than 20%").

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.

Definitive details of 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 Holding AG & Co. KGaA
represented by HORNBACH Management 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 Holding AG & Co. KGaA
Le Quartier Hornbach 19
67433 Neustadt an der Weinstraße
Germany
ISIN: DE0006083405
WKN: 608340
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 933013

End of Announcement DGAP News Service

933013 10-Dec-2019 CET/CEST



(END) Dow Jones Newswires

December 10, 2019 14:46 ET ( 19:46 GMT)
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