HORNBACH Group delivered solid results for the financial year 2023/24 (March 1, 2023, to February 29, 2024) with sales of EUR 6,161 million (-1.6%) and adjusted EBIT of EUR 254.2 million (-12.4%), in line with guidance and preliminary figures. For the current financial year 2024/25, HORNBACH expects an uptick in sales due to a strong spring season supported by more favorable weather conditions compared to the previous year. Adjusted EBIT in 2024/25 is projected to be similar to or slightly above 2023/24 levels, while improvements to the gross margin will be partly offset by higher personnel costs and the implementation of IT projects. In accordance with its dividend policy, HORNBACH Holding AG & Co. KGaA will propose a stable dividend of EUR 2.40 per share to the Annual General Meeting, which will be held physically in Landau (Pallatinate) on July 5, 2024.
Albrecht Hornbach, CEO of HORNBACH Management AG, commented the results and gave an indication for the current financial year: “We achieved solid 2023/24 results, in line with our guidance. Given this performance amid the complex macroeconomic environment, we are confident for FY 2024/25. Moreover, the continuous successful implementation of our strategic priorities – organic growth with high-quality locations and online retail – give us confidence to deliver another solid financial year.”
All documents relating to the 2023/2024 financial year can be found here: https://lnkd.in/edhmbW3e
Press conference (11.00 am CEST, German): https://lnkd.in/egm2NSVt
Investor and analyst conference (2.00 pm CEST, English): https://lnkd.in/dbDEq6Rn