Net sales rose by 7.5 per cent

The Hornbach Group witnessed a successful conclusion to its fiscal year 2006/2007 (28 February). The total net sales of Hornbach Holding AG rose by 7.5 per cent to € 2.544 bn. Sales by its principal subsidiary, Hornbach-Baumarkt-AG, which at the reporting date operated 120 large-format DIY stores and garden centres in eight European countries, increased by 7.1 per cent to € 2.392 bn net. Like-for-like sales recorded a 4 per cent increase. The Hornbach Group’s EBIT increased by 29.6 per cent to € 119.1 mio, and the group succeeded in more than doubling its consolidated net income to € 75.9 mio (+138.6 per cent). At Hornbach-Baumarkt-AG, the EBIT rose by 36.9 per cent to € 96.1 mio and consolidated net income grew by 143.1 per cent to € 60.78 mio.