Hornbach Holding : Returning to growth
>Solid H1 revenue and earnings growth above estimates and consensus - Hornbach Holding reported strong H1 2019-20 results (March to August 2019), beating our estimates and the consensus, proving that they have regained their growth trajectory after the unfortunate FY 2018-19 performance. The main factor for the solid turnaround was sales growth generated with higher numbers of customers making larger average purchases. That was the case both online and at the stationa...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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