UK markets close in 1 hour 40 minutes
  • FTSE 100

    7,351.52
    +93.20 (+1.28%)
     
  • FTSE 250

    19,402.17
    +83.22 (+0.43%)
     
  • AIM

    910.04
    +6.55 (+0.72%)
     
  • GBP/EUR

    1.1601
    +0.0016 (+0.14%)
     
  • GBP/USD

    1.2214
    -0.0056 (-0.46%)
     
  • BTC-GBP

    17,242.46
    +79.94 (+0.47%)
     
  • CMC Crypto 200

    460.29
    +10.23 (+2.27%)
     
  • S&P 500

    3,940.94
    +40.83 (+1.05%)
     
  • DOW

    31,809.29
    +371.03 (+1.18%)
     
  • CRUDE OIL

    110.58
    +1.01 (+0.92%)
     
  • GOLD FUTURES

    1,824.70
    -0.10 (-0.01%)
     
  • NIKKEI 225

    27,049.47
    +178.20 (+0.66%)
     
  • HANG SENG

    22,418.97
    +189.45 (+0.85%)
     
  • DAX

    13,331.93
    +145.86 (+1.11%)
     
  • CAC 40

    6,134.80
    +87.49 (+1.45%)
     

HORNBACH Holding AG & Co. KGaA: Hornbach Group confirms FY 2022/23 sales guidance – FY adjusted EBIT expected to be below guidance due to ongoing macro challenges

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

HORNBACH Holding AG & Co. KGaA / Key word(s): Change in Forecast
HORNBACH Holding AG & Co. KGaA: Hornbach Group confirms FY 2022/23 sales guidance – FY adjusted EBIT expected to be below guidance due to ongoing macro challenges

13-Jun-2022 / 23:03 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.

Hornbach Group confirms FY 2022/23 sales guidance – FY adjusted EBIT expected to be below guidance due to ongoing macro challenges

Bornheim (Palatinate), June 13, 2022
Based on unaudited preliminary results, the management of Hornbach Holding AG & Co. KGaA (ISIN DE0006083405) expects Q1 2022/23 net sales (March 1, 2022 to May 31, 2022) to have increased by 8% to EUR 1,813 million in line with FY guidance given on May 17, 2022. Overall demand for construction and DIY products has remained steady in Q1.

However, the macroeconomic outlook and the challenges with regard to inflation, supply chain and product pricing have become further pronounced and persistent in the second quarter making visibility for the rest of the year more difficult. Given the ongoing margin pressure and in line with our conservative approach to guidance, the management of Hornbach Group believes it would be prudent to be cautious at this stage of the year. We therefore reduce our guidance with regard to the full-year adjusted EBIT from the previous level of slightly lower year on year and we are now expecting the adjusted EBIT level to decline around a low double digit percentage range, below the record number of EUR 362.6 million in FY 2021/22.

We will continue to monitor closely the key factors influencing profitability and manage the business accordingly.

The preliminary, unaudited figures for Q1 2022/23 are shown in the following table:

€m

Q1 2022/23

Q1 2021/22

Change in %

Net sales

1,813.4

1,678.1

8.1

Adjusted EBIT

148.3

169.1

(12.3)

 

The final financial results for Q1 2022/23 will be published on June 29, 2022.

Explanations and reconciliations of the key financial figures used can be found on page 58 et seqq. of the Annual Report 2021/22 of the Hornbach Holding AG & Co. Group (available at http://www.hornbach-group.com/FinancialReports).


Contact:
Antje Kelbert
Head of Group Communications and Investor Relations
HORNBACH Holding AG & Co. KGaA
Tel. +49 (0) 6348 602444
antje.kelbert@hornbach.com

13-Jun-2022 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

Hornbachstraße 11

76879 Bornheim

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:

1374621


 

End of Announcement

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting