HORNBACH BAUMARKT AG | Annual Report 2008|2009

COMPANY PROFILE

Sales Performance of the HORNBACH-Baumarkt-AG Group

(net, € million)

The HORNBACH Group is characterized by its ability to respond to the challenges of trading in DIY, home improvement and garden products, and to set new standards in the process.

Since 1877, five generations of the Hornbach family have been active in almost all areas of the construction sector – in the building trade, as manufacturers of prefabricated components and since 1900 as builders’ merchants.

As one of the pioneers in Germany and Europe, HORNBACH opened its first DIY store in 1968 and combined it with a garden center – at its time unique in Europe. This combination has since developed to become a European standard in the DIY sector today.

In the second half of the 1980s, HORNBACH added a new dimension to the market with its concept of large DIY and home improvement megastores with garden centers. Today, an impressively presented range of around 50,000 top quality DIY and gardening articles is available to DIY customers in spacious stores and at permanently low prices. Well-trained, service-oriented employees make project customers and DIY enthusiasts, especially those on the lookout for solutions for extensive renovation and construction projects, the focus of their activities.

The consistent implementation of the company’s concept, coupled with the high expectations it places in the quality of its locations, its stores, its product range and employees, have facilitated the dynamic growth shown by the company in recent years and form the basis for further expansion. With an average sales area of more than 11,000 m² per store, HORNBACH has underlined its unique position in theDIY megastore with garden center segment and also has the highest level of sales area productivity of any of the leading DIY companies in Germany. In the 2008/2009 financial year, the HORNBACH-Baumarkt-AG Group generated net sales of € 2,599 million. At the reporting date on February 28, 2009, HORNBACH-Baumarkt-AG operated 129 DIY megastores with garden centers across Europe (92 of which in Germany) with total sales areas of around 1.45 million square meters.

Following the company’s successful entry into the Austrian market in August 1996, it has consistently pressed ahead with its expansion into neighboring European countries. Stores were subsequently opened in the Netherlands, Luxembourg and the Czech Republic. The company’s international growth continued with its expansion to Switzerland, Sweden and Slovakia. The entry into the Romanian market followed in the summer of 2007. As of February 28, 2009, the company was operating a total of 37 DIY megastores with garden centers in eight countries outside Germany. The international share of consolidated sales reached 41 % in the 2008/2009 financial year and is set to rise consistently in future. The Group will nevertheless also continue to pursue opportunities for expansion in Germany.

HORNBACH-Baumarkt-AG is a publicly listed stock corporation. The ordinary shares in the company (ISIN DE0006084403) are listed on the German Stock Exchange and have been admitted to the subsection of the official market involving additional admissions obligations (the “Prime Standard”). Of approximately 15.7 million ordinary shares in the company, 77.2 % are held by HORNBACH HOLDING AG, while 17.5 % are owned by independent shareholders. The British retail group Kingfisher plc. owned around 5.3 % of the shares at the reporting date. HORNBACH is also present in the debt market with a corporate bond issued in November 2004 with a tenyear term and an interest coupon of 6.125 % (ISIN: XS0205954778).

HORNBACH’s DIY Market Share in Germany

(market share in %)


Home Company Profile To Our Shareholders The HORNBACH-Baumarkt Share Corporate Governance Group Management Report Directors and Officers Report of the Supervisory Board Our Locations Consolidated Financial Statements Auditor´s Report Toolbox German Print this page Downloadcenter Download PDF Font Size: Save Settings					COMPANY PROFILE Sales Performance of the HORNBACH-Baumarkt-AG Group (net, € million) The HORNBACH Group is characterized by its ability to respond to the challenges of trading in DIY, home improvement and garden products, and to set new standards in the process. Since 1877, five generations of the Hornbach family have been active in almost all areas of the construction sector – in the building trade, as manufacturers of prefabricated components and since 1900 as builders’ merchants. As one of the pioneers in Germany and Europe, HORNBACH opened its first DIY store in 1968 and combined it with a garden center – at its time unique in Europe. This combination has since developed to become a European standard in the DIY sector today. In the second half of the 1980s, HORNBACH added a new dimension to the market with its concept of large DIY and home improvement megastores with garden centers. Today, an impressively presented range of around 50,000 top quality DIY and gardening articles is available to DIY customers in spacious stores and at permanently low prices. Well-trained, service-oriented employees make project customers and DIY enthusiasts, especially those on the lookout for solutions for extensive renovation and construction projects, the focus of their activities. The consistent implementation of the company’s concept, coupled with the high expectations it places in the quality of its locations, its stores, its product range and employees, have facilitated the dynamic growth shown by the company in recent years and form the basis for further expansion. With an average sales area of more than 11,000 m² per store, HORNBACH has underlined its unique position in theDIY megastore with garden center segment and also has the highest level of sales area productivity of any of the leading DIY companies in Germany. In the 2008/2009 financial year, the HORNBACH-Baumarkt-AG Group generated net sales of € 2,599 million. At the reporting date on February 28, 2009, HORNBACH-Baumarkt-AG operated 129 DIY megastores with garden centers across Europe (92 of which in Germany) with total sales areas of around 1.45 million square meters. Following the company’s successful entry into the Austrian market in August 1996, it has consistently pressed ahead with its expansion into neighboring European countries. Stores were subsequently opened in the Netherlands, Luxembourg and the Czech Republic. The company’s international growth continued with its expansion to Switzerland, Sweden and Slovakia. The entry into the Romanian market followed in the summer of 2007. As of February 28, 2009, the company was operating a total of 37 DIY megastores with garden centers in eight countries outside Germany. The international share of consolidated sales reached 41 % in the 2008/2009 financial year and is set to rise consistently in future. The Group will nevertheless also continue to pursue opportunities for expansion in Germany. HORNBACH-Baumarkt-AG is a publicly listed stock corporation. The ordinary shares in the company (ISIN DE0006084403) are listed on the German Stock Exchange and have been admitted to the subsection of the official market involving additional admissions obligations (the “Prime Standard”). Of approximately 15.7 million ordinary shares in the company, 77.2 % are held by HORNBACH HOLDING AG, while 17.5 % are owned by independent shareholders. The British retail group Kingfisher plc. owned around 5.3 % of the shares at the reporting date. HORNBACH is also present in the debt market with a corporate bond issued in November 2004 with a tenyear term and an interest coupon of 6.125 % (ISIN: XS0205954778). HORNBACH’s DIY Market Share in Germany (market share in %)
					Home Imprint Sitemap Contact