Hornbach Holding : 9M 2023-24 results in line – good resilience in a challenging context
>Q3 2023-24 sales totalled € 1,485m (-4%)/underlying operating profit reached € 48.1m (underlying operating margin of 3.2%) - Yesterday, Hornbach Holding published Q3 results broadly in line with our expectations. Sales came in at € 1,485m, reflecting a limited contraction of 4%, and underlying operating profit reached € 48.1m, implying an underlying operating margin of 3.2%. Over 9M 2023-2024, sales totalled € 4,927m, down 1.7%, and underlying operating profit was ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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