Hornbach Holding : Sales growth in Q1 18-19 likely driven by international markets and online
>Q1 2018-19 sales again likely driven by international markets - Hornbach Holding is due to publish its Q1 2018-19 results on Friday, 22 June. We forecast Q1 sales +2% yoy to € 1.219m vs relatively strong comps in Q1 2017-18, where sales were up 7% yoy on the back of good weather conditions. The weather in Q1 2018-19 was less favourable: unfavourable in March, rather good in April, and mixed in May. Like-for-like, we assume Q1 sales were flattish in Germany and up 5% ...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.
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