Put companies on watchlist
HORNBACH Holding AG & Co. KGaA
ISIN: DE0006083405
WKN: 608340
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

HORNBACH Holding AG & Co. KGaA · ISIN: DE0006083405 · EQS - adhoc news (52 News)
Country: Germany · Primary market: Germany · EQS NID: 1254988
07 December 2021 08:15PM

HORNBACH Holding AG & Co. KGaA: Hornbach Holding raises guidance for fiscal year 2021/22


DGAP-Ad-hoc: HORNBACH Holding AG & Co. KGaA / Key word(s): Change in Forecast
HORNBACH Holding AG & Co. KGaA: Hornbach Holding raises guidance for fiscal year 2021/22

07-Dec-2021 / 20:15 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 Holding raises guidance for fiscal year 2021/22

Bornheim (Palatinate), December 7, 2021
Based on preliminary figures for the third quarter 2021/22 that exceeded expectations, the Management of Hornbach Holding AG & Co. KGaA (ISIN DE0006083405) lifted the net sales and earnings forecast for the fiscal year 2021/22 today. Nevertheless, in view of the unpredictability of the further course of the Corona pandemic and the risks with regard to sales restrictions, there are still considerable uncertainties in the assessment of the Group's business performance for the remainder of the fiscal year.

The Management expects net sales and Group operating profit adjusted for non-operating earnings effects (adjusted EBIT) to be in the following ranges:

  Adjusted outlook for
FY 2021/22
Previous outlook for
FY 2021/22
Growth of net sales 2% - 7% 1% - 5% (upper third)
Adjusted EBIT € 330m - € 380m € 290m - € 326m (upper third)
 

The preliminary, unaudited figures for the third quarter and the first 9 months 2021/22 are shown in the following table:

€m Q3 2021/22 Q3 2020/21 Change in % 9M 2021/22 9M 2020/21 Change in %
Net sales 1,400.8 1,371.0 2.2 4,693.2 4,503.1 4.2
Adjusted EBIT 55.9 66.9 (16.3) 393.1 401.5 (2.1)
 

The final financial results for the third quarter and the first 9 months 2021/22 will be published on December 22, 2021.

Explanations and reconciliations of the key financial figures used can be found on page 54 et seqq. of the Annual Report 2020/21 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

07-Dec-2021 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: 1254988

 
End of Announcement DGAP News Service

1254988  07-Dec-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1254988&application_name=news&site_id=boersengefluester_html
Visual performance / price development - HORNBACH Holding AG & Co. KGaA
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.