Continuous growth

The Hornbach DIY stores succeeded in increasing their sales by 4.8 per cent to € 774.8 mio in the first quarter 2009/2010. Growth came to 1.5 per cent in like-for-like terms. According to Hornbach, this development is due primarily to the momentum of growth in Germany, where the DIY and garden stores notched up an increase of 3.1 per cent like-for-like. The Hornbach branches in the rest of Europe only just managed to maintain the level of like-for-like sales. In the first quarter the operating profit of Hornbach-Baumarkt-AG rose by 2.0 per cent on the same period last year to € 49.6 mio.