The Hornbach DIY stores outside of Germany grew in the first nine months of financial year 2019/2020 (ending 29 February 2020) significantly more strongly than on their home market.
The increase in sales in European countries amounted to 9.5 per cent; in Germany this was 7.5 per cent more than in the comparative period. Like-for-like growth of the international stores at 8.1 per cent also lay one percentage point over that of the Hornbach stores in Germany. Overall, the German DIY retailer made sales of EUR 3.4993 bn in the first three quarters (EUR 1.7821 bn at home, EUR 1.7172 bn abroad) and thus grew by 7.8 per cent.
As the overall group’s profit also rose significantly in this time (adjusted EBIT: +33.0 per cent), the company has raised its earnings forecast for the overall year 2019/2020.
Source: DIY International, https://www.diyinternational.com