Hornbach Holding : Q2 2018-19 results in line with expectations, full-year guidance confirmed
>A decent set of results with strong international like-for-like sales growth - Yesterday (27 September), the day of its 50th anniversary, Hornbach reported its Q2 2018-19 results and hosted an analyst conference. Group sales increased 4.4% yoy to € 1,163m, in line with our forecast of € 1,159m and accelerating from its Q1 2018-19 sales growth rate of +2.7% yoy. While in Germany revenue growth stood at +2.0% yoy, Rest of Europe grew 7.4% yoy. Like-for-like, Q2 2018-19...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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