Hornbach Holding AG & Co. KGaA (HBH.DE) Friday said that its consolidated net income dropped 42 percent in the third quarter, affected by lower interest income, higher interest expenses and negative currency effects. The company's net sales, however, climbed 2 percent and it also reaffirmed its outlook for the year ahead.
In the three-month period, the German home improvement retailer's consolidated net income declined to 10.2 million euros from 17.7 million euros in the year-ago quarter. On a per share basis, earnings fell to 0.64 euros from 1.06 euros in the corresponding period last year.
According to the company, third quarter consolidated earnings before taxes came in at 13.8 million euros, a 42 percent drop from 23.8 million euros in the same period a year ago. Hornbach Holding said that quarterly sales rose 2.2 percent to 1.54 billion euros from 1.51 billion euros in the previous-year period.
The company said EBITDA declined 8.8 percent during the quarter to 82.1 million euros from 90.0 million euros a year ago.
Looking ahead, Hornbach Holding reaffirmed its outlook for fiscal 2025/2026. The company continues to expect sales at the same level or slightly above the previous year's level of 6.2 billion euros and adjusted EBIT to b at the level of the prior year at 269.5 million euros.
On the XETRA Exchange, HBH.DE is currently trading up 0.82 percent on Friday at 85.70 euros.
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