Hornbach has record turnover and profit in past quarter

Hornbach has record turnover and profit in past quarter

Hornbach's DIY megastores with garden centers have performed very well in the past quarter "after exploding demand in March", with its home market Germany as its biggest contributor.

Over 1 billion euro in turnover

In its first quarter of its broken fiscal year (from 1 March to 31 May), Hornbach managed a record turnover of 1.035 billion euro, 16 % more than a year before. On a like-for-like basis, growth reached 14.6 %. "The DIY demand has exploded in March", CFO Roland Pelka explained in its interim report. Last year, the chain had to deal with a long-lasting winter, on top of the recession.

 

"The domestic business once again accounted for the strongest growth momentum. We can nevertheless also point to pleasing sales growth in the eight countries outside Germany." Foreign turnover grew 11.7 % to 402.1 million euro, while the like-for-like growth was 8.2 % excluding exchange rates effects.

 

Hornbach's strongest growth was in its consumer division Baumarkt (+ 16.4 % to 976.6 million euro), even though its 27 Hornbach Baustoff Union stores (for professionals) also managed to grow their turnover 10.1 % to 58 million euro.

 

71 % more profit

Its operational profit rose 71 % to arrive at 87.3 million euro, a direct consequence of "higher profit margins and a more advantageous operational and administrative costs", the company said.

 

After opening new stores in Lübeck and Prague, Hornbach employs 15,639 people and 143 DIY megastores with garden centers, 9 in the Netherlands.

Questions or comments? Please feel free to contact the editors


Kingfisher experiences another turnover drop

17/08/2017

DIY group Kingfisher’s quarterly results were weak once more: the British-French group suffered setbacks in both regions and the restructuring plan is also weighing down its results.

Sizeable profit drop for Geberit

17/08/2017

Swiss sanitation specialist Geberit’s profit dropped about 20 % in the first half of 2017. Turnover also slumped, but only slightly.

Intergamma: departure largest shareholder sparks turmoil

01/08/2017

Irish group CRH, which owns nearly 50 % of DIY Intergamma’s shares, wants to sell those shares, but the other shareholders cannot find an appropriate solution.

Strong Dutch growth for Hornbach

09/06/2017

German DIY chain Hornbach’s turnover and profit grew a lot in the past fiscal year, which ended 28 February 2017. Particularly its Dutch division performed very well.

Cooperative Menouquin joins Hagebau

10/05/2017

Belgian’s largest cooperative in tools, hardware and DIY, Menouquin, will join German Hagebau, a move designed to help Menouquin grow.

Bauhaus opens second Dutch store

05/04/2017

On 14 April, DIY store chain Bauhaus will open its second Dutch store in Twente. Its 15,000 sqm store will be located in the Westermaat business park in Hengelo.

Back to top