Hornbach Holding AG

Hornbach Holding is engaged in the development and operation of do-it-yourself (DIY) megastores with garden centers on an international basis. In addition, Co. and its subsidiaries are engaged in the construction materials and builders' merchant business. Co. operates within two segments: retail business and its real estate business. As of Feb. 28, 2014, Co. was operating a total of 49 DIY megastores with garden centers in eight countries outside Germany.
  • Ticker608340
  • ISINDE0006083405
  • SectorGeneral Retailers
  • CountryGermany
Charles Lepetitpas ...
  • Emira Sagaama
  • Hela Zarrouk
  • Jean-Baptiste Rouphael
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain

ODDO BHF Small & MIDCAP MORNING NEWS - 06/26/2020

Every twenty years or so, another wave of enthusiasm for hydrogen is stifled. That said, the conditions currently appear to be in place for an industrial rivalry which might lead to the emergence of a real alternative energy source within the next ten years. In our coverage, Plastic Omnium, Faurecia and Michelin are the best positioned, alongside RWE and Engie for utilities. - ...

Jeremy Garnier

Hornbach Holding : An excellent first quarter, as expected

>Q1 sales of € 1,577m (+17.8%) / underlying operating profit of € 173m (+78%) - In line with the preliminary results disclosed on 10 June, Hornbach Holding reported its Q1 2020-21 figures this morning (March-May 2020). On sales growth of 17.8% to € 1,577m, underlying operating profit clocked in at € 172.8m (+78%), i.e. a sharp increase of 380bp in the underlying operating margin to 11% (vs 7.2% in Q1 2019-20). The Hornbach Baumarkt subsidiary (the group...

Charles Lepetitpas ...
  • Emira Sagaama
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain

ODDO BHF Small & MIDCAP MORNING NEWS - 26/06/2020

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Jeremy Garnier

Hornbach Holding : Excellent T1 comme attendu

>CA T1 de 1 577 M€ (+17.8%) / ROC de 173 M€ (+78%) - Conformément aux résultats préliminaires déjà communiqués le 10 juin, Hornbach Holding publie ce matin ses chiffres T1 2020/2021 (mars-mai 2020). Pour un CA en croissance de 17.8% à 1 577 M€, le ROC s’affiche à 172.8 M€ (+78%) soit une MOC en forte hausse de 380 pb à 11% (vs 7.2% au T1 2019/20). La filiale Hornbach Baumarkt (principal contributeur du groupe avec 160 magasins) ressort en croissance organique de 17.5...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Jeremy Garnier

Hornbach Holding : An excellent first quarter, as expected

>Q1 sales of € 1,577m (+17.8%) / underlying operating profit of € 173m (+78%) - In line with the preliminary results disclosed on 10 June, Hornbach Holding reported its Q1 2020-21 figures this morning (March-May 2020). On sales growth of 17.8% to € 1,577m, underlying operating profit clocked in at € 172.8m (+78%), i.e. a sharp increase of 380bp in the underlying operating margin to 11% (vs 7.2% in Q1 2019-20). The Hornbach Baumarkt subsidiary (the group...

Jeremy Garnier

Hornbach Holding : Excellent T1 comme attendu

>CA T1 de 1 577 M€ (+17.8%) / ROC de 173 M€ (+78%) - Conformément aux résultats préliminaires déjà communiqués le 10 juin, Hornbach Holding publie ce matin ses chiffres T1 2020/2021 (mars-mai 2020). Pour un CA en croissance de 17.8% à 1 577 M€, le ROC s’affiche à 172.8 M€ (+78%) soit une MOC en forte hausse de 380 pb à 11% (vs 7.2% au T1 2019/20). La filiale Hornbach Baumarkt (principal contributeur du groupe avec 160 magasins) ressort en croissance organique de 17.5...

Stephane Houri

Ageas : Digitalisation post-COVID : quelles conséquences sur nos secteurs et valeurs ?

Cette note transversale du bureau d’étude ODDO BHF a pour but d’identifier les secteurs et valeurs positivement impactés ou en risque face à une accélération de la digitalisation de la société et de l’économie post COVID-19. Nous ressortons avec 16 valeurs attractives et 12 valeurs en risque. - >Digitalisation accélérée, pas de retour en arrière - La crise du COVID-19 va sans aucun doute accélérer l’utilisation du numérique dans la société en général. Le télétravail a ...

Jeremy Garnier

Hornbach Holding : Advance publication of very good Q1 results

>Q1 sales of € 1,577m (+17.8%) / underlying operating profit of € 173m (+78%) - Hornbach Holding reported its preliminary figures for Q1 2020-21 (March-May 2020) yesterday. The results were expected to be good (see our flash of 19 May) but they proved even better than expected with Q1 sales of € 1,577m, up 17.8% (vs forecast of +10% to € 1,472m), and underlying operating profit showing very strong increase to € 173m, i.e. growth of 78% (vs € 133m estimated). The under...

Jeremy Garnier

Hornbach Holding : Publication de très bons résultats T1 par anticipation

>CA T1 de 1 577 M€ (+17.8%) / ROC de 173 M€ (+78%) - Hornbach Holding a publié hier soir ses chiffres préliminaires concernant le T1 2020-2021 (mars-mai 2020). Les résultats étaient attendus bons (cf. flash du 19 mai) mais ils ressortent encore meilleurs qu’attendu avec un CA T1 de 1 577 M€ en croissance de 17.8% (vs +10%e à 1 472 M€e) et le ROC marque une très forte progression à 173 M€ soit une croissance de 78% (vs 133 M€e). La marge opérationnelle courante ressort...

Charles Lepetitpas ...
  • Emira Sagaama
  • Hela Zarrouk
  • Jean-Baptiste Rouphael
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain

ODDO BHF Small & MIDCAP MORNING NEWS - 06/26/2020

Every twenty years or so, another wave of enthusiasm for hydrogen is stifled. That said, the conditions currently appear to be in place for an industrial rivalry which might lead to the emergence of a real alternative energy source within the next ten years. In our coverage, Plastic Omnium, Faurecia and Michelin are the best positioned, alongside RWE and Engie for utilities. - ...

Charles Lepetitpas ...
  • Emira Sagaama
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain

ODDO BHF Small & MIDCAP MORNING NEWS - 26/06/2020

...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier

ODDO BHF Small & MIDCAP MORNING NEWS - 06/10/2020

ASMi’s story increasingly resembles that of ASML (minus the monopoly). The group benefits from the structural increase in capex for 7nm, 5nm and soon 3nm nodes in more precise deposition techniques (ALD and epitaxy) and is gaining market share in memory. ASMi is now profitable and has enough cash to dispense with ASM PT, which should be an incentive for it to sell its residual 25% stake. This would crystallise the group’s low valuation relative to peers (11.8x EBITDA excluding ASM PT)...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier

ODDO BHF Small & MIDCAP MORNING NEWS - 10/06/2020

L’histoire d’ASMi s’apparente de plus en plus à celle d’ASML (à l’exception de la position de monopole). Le groupe bénéficie de la hausse structurelle des dépenses de Capex pour le 7nm, 5 nm (bientôt le 3nm), dans des techniques de déposition plus précises (ALD et épitaxie) et gagne des PdM dans la mémoire. ASMi est aujourd’hui rentable et dispose d’assez de cash pour se passer d’ASM PT, ce qui devrait l’inciter à céder sa participation résiduelle de 25%. Cela permettrait de cristalli...

Aurelien Sivignon ...
  • Fatma Agnès Hamdani
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Matthias Desmarais

ODDO BHF Small & MIDCAP MORNING NEWS - 05/28/2020

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HORNBACH HOLDING AG sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of HORNBACH HOLDING AG (DE), a company active in the Broadline Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 14, 2020, the closing price was EUR 45.50 and its potential was estimated at EUR 52.88.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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