HORNBACH Holding AG & Co. KGaA
ISIN: DE0006083405
WKN: 608340
28 May 2024 11:13AM

EQS-News: HORNBACH Group successfully integrates sustainability strategy into Group financing

HORNBACH Holding AG & Co. KGaA · ISIN: DE0006083405 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1912403

EQS-News: HORNBACH Holding AG & Co. KGaA / Key word(s): Financing/ESG
HORNBACH Group successfully integrates sustainability strategy into Group financing

28.05.2024 / 11:13 CET/CEST
The issuer is solely responsible for the content of this announcement.


HORNBACH Group successfully integrates sustainability strategy into Group financing

  • Rendezvous clause effectively closed
  • ESG component added to existing syndicated loan of
    EUR 500 million
  • Sustainability targets and financing costs directly linked in future

Bornheim (Palatinate), Germany, May 28, 2024.

The HORNBACH Group (HORNBACH Holding AG & Co. KGaA; ISIN: DE0006083405) has successfully supplemented its existing syndicated loan with sustainability components. The financing of EUR 500 million agreed in September 2022 included a rendezvous clause, which allows the credit margin to be subsequently linked to specific ESG key performance indicators (“KPI’s”).

"Sustainability is one of the core requirements for our long-term success and the future viability of the HORNBACH Group. I am very pleased with the successful link of our Group financing and ESG strategy", commented Karin Dohm, CFO of HORNBACH Management AG.

With the conclusion of the ESG supplementary agreement, the financing costs of the syndicated loan are now also influenced by three ESG KPI’s, which reflect the Company’s targets in CO2 reduction in its own operations, product range and progress in increasing the proportion of female managers. As a consequence, the financing is consistent with some of the key fields of action of HORNBACH Group's sustainability strategy.

"Sustainability has become an important factor in our customer relationships," emphasized Tim Austrup, Head of Corporate Banking at Helaba. "We are therefore delighted that we were able to play a key role in supporting the HORNBACH Group in developing and structuring the ESG component."

A total of nine banks from Germany and abroad are involved in the syndicated credit line, which will run for up to seven years. The structuring of the sustainability component was supported by Helaba as ESG coordinator.

 

About HORNBACH Group

HORNBACH Group is an independent, family-run retail group under the umbrella of HORNBACH Holding AG & Co. KGaA, which is listed on the Frankfurt Stock Exchange and represented in the SDAX. The largest subsidiary, HORNBACH Baumarkt AG, operates 171 DIY megastores with garden centers (incl. specialist stores) and online shops in nine European countries. The Group also includes HORNBACH Baustoff Union, a regional builders' merchant company with 38 locations in southwestern Germany and France, as well as HORNBACH Immobilien AG, which develops retail real estate for the Group. In the financial year 2023/24 (reporting date: February 29, 2024), the HORNBACH Group generated net sales of EUR 6.2 billion, making it one of the five largest DIY and garden retail companies in Europe. The Group has a workforce of around 25,000 employees.

 
 
Press and Investor Relations contacts
 
Antje Kelbert
Head of Investor Relations
Phone: +49 (0) 6348 / 60 2444
antje.kelbert@hornbach.com
 
Christian Grether
Head of Public Relations
Phone: +49 (0) 6348 / 60 2571
christian.grether@hornbach.com
Anne Spies
Senior Investor Relations Manager
Phone: +49 (0) 6348 / 60 4558
anne.spies@hornbach.com
 
Maximilian Franz
Investor Relations Manager
Phone: +49 (0) 6348 / 60 2071
maximilian.franz@hornbach.com
 

HORNBACH Holding on LinkedIn 

 



28.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: HORNBACH Holding AG & Co. KGaA
Hornbachstraße 11
76879 Bornheim
Germany
ISIN: DE0006083405
WKN: 608340
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1912403

 
End of News EQS News Service

1912403  28.05.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 4.362,39 4.729,22 5.456,18 5.874,96 6.263,13 6.160,89 6.168,00
EBITDA1,2 235,73 419,80 516,30 564,90 505,40 473,80 480,00
EBITDA-Margin3 5,40 8,88 9,46 9,62 8,07 7,69 7,78
EBIT1,4 120,60 213,80 311,89 354,97 258,50 225,77 230,00
EBIT-Margin5 2,77 4,52 5,72 6,04 4,13 3,67 3,73
Net Profit (Loss)1 75,14 123,34 201,44 244,51 167,83 131,68 137,00
Net-Margin6 1,72 2,61 3,69 4,16 2,68 2,14 2,22
Cashflow1,7 54,02 324,45 346,50 344,95 425,45 454,91 0,00
Earnings per share8 4,08 6,56 10,33 12,48 9,83 7,83 8,05
Dividend per share8 1,50 1,50 2,00 2,40 2,40 2,40 2,40
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Deloitte

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Hornbach Holding
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
608340 DE0006083405 AG & Co. KGaA 1.174,40 Mio € 03.07.1987 Kaufen 8FXC85R8+4G
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
8,53 10,32 0,83 9,90 0,60 2,58 0,19
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
2,40 2,40 2,40 3,27%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
11.07.2025 24.06.2025 25.09.2024 20.12.2024 21.05.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-11,25%
73,40 €
ATH 140,10 €
-11,36% -6,94% +11,21% +13,53% +720,11%

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