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

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0 0 07.12.21
DGAP-Adhoc: HORNBACH Holding AG & Co. KGaA: Hornbach Holding raises guidance for fiscal year 2021/22 : http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24110/375px-Hornbach-Holding-AG-Logo.svg.png
 

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
[email protected]

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

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Hornbach Holding AG & Co. KGaA Stock

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