Europe: Hornbach Group Increases Net Sales by 15.4% to Euro 5.5 Billion in 2020/21 Financial Year.

The coronavirus pandemic presented the Hornbach Group with a memorable 2020/21 financial year (March 1, 2020 to February 28, 2021).

People withdrawing to their own four walls, employees increasingly working from home, and consumers sustainably changing their behaviour – all these factors provided a veritable boost to demand for DIY and home improvement product ranges.

Against this backdrop, based on initial preliminary figures net sales at the Hornbach Holding AG & Co. KGaA Group increased by 15.4% to Euro 5,456 million. Hornbach Baumarkt AG, the largest operating subgroup, operated 161 DIY stores with garden centers and online shops, as well as two specialist retail outlets, in nine countries across Europe at the balance sheet date on February 28, 2021 (2019/20: 160). Sales here also passed the 5-billion mark, rising by 15.6% to Euro 5,117 million. On a like-for-like basis and net of currency items, group-wide sales at the DIY stores with garden centers (DIY) grew by 14.7 %.