Hornbach Holding : Q3 2018-19 preliminary results: sales in line, but significant EBIT miss and warning on full-year 2018-19e earnings
>Preliminary results disappoint on adjusted EBIT - Hornbach Holding reported preliminary Q3 2018-19 results (sales and adjusted EBIT) yesterday evening (10 December). While group sales were in line at € 1,085m (up +8% yoy), adjusted EBIT plunged 31% yoy to “just under†€ 20m (Q3 2017-18: € 29m). The shortfall was largely attributable to higher procurement prices (mainly timber, which accounts for a significant portion of sales and was purchased at peak prices). The c...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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