HORNBACH Holding AG & Co. KGaA

Shareholders at today’s Annual General Meeting of HORNBACH Holding AG & Co. KGaA voted with a large majority to approve the distribution of a dividend of Euro 2.40 per share (2022/23: Euro 2.40). This corresponds to a distribution quota of 30.7% (2022/23: 24.4%) and a dividend yield of 3.5% based on the XETRA closing price on February 29, 2024. HORNBACH is thus maintaining the continuity of its reliable dividend strategy. Since its IPO in 1987, HORNBACH Holding has distributed a dividend at least at the previous year’s level to its shareholders each year.   Read the full news here: https://lnkd.in/dpeuaxhx

The HORNBACH Group reported strong figures for Q1 2024/25 (March 1, 2024 to May 31, 2024).   Consolidated net sales increased by 1.8% to EUR 1,805.7 million as good weather in March and April partly outweighed the continued effects of customer caution regarding big-ticket and discretionary categories.   Adjusted EBIT was up significantly y-o-y by 33.8% to EUR 146.4 million based on improved top line in March and April, an improved gross margin and ongoing cost discipline. Accordingly, earnings per share in Q1 2024/25 increased by 44% y-o-y to EUR 5.96 from EUR 4.15 in the previous year.   For FY 2024/25 HORNBACH continues to expect sales slightly above the previous year’s level (EUR 6,161 million) as well as an adjusted EBIT at or slightly above the level of the 2023/24 financial year (EUR 254.2 million).   Read the full press release here: https://lnkd.in/dY7iR7iQ   #diy #financialresults #growth

In einem umfangreichen Artikel in der Börsen-Zeitung beantwortet Karin Dohm, CFO der HORNBACH Gruppe, zahlreiche Fragen rund um die Positionierung des Unternehmens, das vergangene Geschäftsjahr 2023/24 und das Thema Finanzierung. Vielen Dank an Martin Dunzendorfer für das ausführliche Gespräch!   Lesen Sie gerne einmal rein: https://lnkd.in/dftiuNmw   #DIY #CFO #Hornbach

HORNBACH Group has successfully supplemented its existing syndicated loan with #sustainability components. The financing of EUR 500 million agreed in September 2022 included a rendezvous clause, which allows the credit margin to be subsequently linked to specific #ESG key performance indicators (“KPI’s”).   With the conclusion of the ESG supplementary agreement, the financing costs of the syndicated loan are now also influenced by three ESG KPI’s, which reflect the Company’s targets in #CO2reduction in its own operations, product range and progress in increasing the proportion of female managers. As a consequence, the financing is getting aligned with some of the key fields of action of HORNBACH Group's sustainability strategy.   A total of nine banks from Germany and abroad are involved in the syndicated credit line. The structuring of the sustainability component was supported by Helaba as ESG coordinator.   Read the full Corporate News here: https://lnkd.in/drcxs3kn  

❔ Welchen Einfluss haben die aktuelle Inflation und steigende Energiepreise auf das Baumarktgeschäft? ❔ Wie integriert HORNBACH sein umfangreiches Online-Angebot und welche Rolle spielt #ECommerce in der Gesamtstrategie des #DIY Unternehmens? ❔ Wie läuft es im aktuellen Geschäftsjahr und wo geht die Reise hin? ❔ Gibt es nach der Hauptversammlung im Juli wieder eine #Dividende? Diese und weitere spannende Fragen beantwortet Karin Dohm, CFO bei der HORNBACH Holding AG & Co. KGaA und der HORNBACH Baumarkt AG, im Interview mit Peter Heinrich vom Börsen Radio Network AG. Hören Sie mal rein! https://lnkd.in/dxY6Qvyc

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  

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  

Tomorrow, Wednesday, May 22, at 2:00 p.m. (CEST), HORNBACH Holding AG & Co. KGaA will broadcast their FY 2023/24 Analyst and Investor Conference.   Albrecht Hornbach (CEO HORNBACH Management AG), Erich Harsch (CEO HORNBACH Baumarkt AG and HORNBACH Management AG board member) and Karin Dohm (CFO HORNBACH Management AG) will share insights regarding HORNBACH Group’s performance in the past financial year and give an outlook regarding FY 2024/25.   You can access the live broadcast via the following link: https://lnkd.in/dbDEq6Rn

HORNBACH Holding AG & Co. KGaA CEO Albrecht Hornbach and Head of IR Antje Kelbert are looking forward to a well filled schedule at the German Spring Conference in Frankfurt, Germany, today.   Many thanks to the EF Equity Forum team for organizing such a great event – we are happy to be part of your network!   In case you missed your opportunity to schedule a meeting with us, feel free to contact us 😊  

HORNBACH Group delivered robust preliminary figures for the financial year 2023/24 (March 1, 2023 to February 29, 2024) in line with FY guidance. Against the challenging backdrop of ongoing consumer caution in big ticket and discretionary spending, consolidated net sales of the Group were only slightly below the previous year at EUR 6,161 million (-1.6%). In Q4 2023/24 (December 1, 2023 to February 29,2024) Group sales declined slightly by 1.5% to EUR 1,234 million. The gross margin further recovered driven by lower commodity prices in some core product categories as well as a more favorable product mix compared to the previous year. HORNBACH Group’s adjusted EBIT (operating earnings adjusted to exclude non-operating earnings items) for FY 2023/24 is expected at approx. EUR 254 million (2022/23: EUR 290 million).   Press release: https://lnkd.in/eTHkQk6W   #HORNBACHHolding #financialresults