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...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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