Hornbach Holding : Preview of Q2 2018-19 results: EBIT and margin expected to beat the consensus
>Despite the hot weather, Hornbach likely beat the consensus on EBIT and the EBIT margin - Hornbach is due to publish its results for Q2 2018-19 (to end-August) on 27 September 2018 at 11:00 a.m. (CET), on the same day as its investor conference. We estimate Q2 sales at € 1,159m (+4% y-o-y, in line with the Bloomberg consensus) despite the heat wave, which may have weighed on garden centre sales from mid-June to August. EBIT should come in at € 82.5m, down slightly y...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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