Hornbach Holding : A good start to the year, cautious stance maintain on the full year
>Q1 sales of € 1,806m (+1.8%) / EBIT of € 146m (margin of 8.1%, +190bp) - Yesterday, Hornbach Holding published Q1 2024-25 results that came in a shade above expectations. Sales were € 1,806m (vs € 1,810m est.) up 1.8% (a slight decline in the price effect and a positive volume effect) with: i/ good resilience at Hornbach Baumarkt (95% of sales, 171 stores) positioned in the renovation/garden segment with sales growth of 2.6% to € 1,711m. Growth was similar bet...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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