Hornbach Holding AG

Hornbach Holding is engaged in the development and operation of do-it-yourself (DIY) megastores with garden centers on an international basis. In addition, Co. and its subsidiaries are engaged in the construction materials and builders' merchant business. Co. operates within two segments: retail business and its real estate business. As of Feb. 28, 2014, Co. was operating a total of 49 DIY megastores with garden centers in eight countries outside Germany.
  • Ticker608340
  • ISINDE0006083405
  • SectorGeneral Retailers
  • CountryGermany

Analysts

Jeremy Garnier ...
  • Jerôme Bodin
  • Laurence Hofmann
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 12/11/2019

Generix Group now has all the qualities of an SaaS specialist (visibility, revenue recurrence, growth, captive revenue and profitability) but these qualities remain, in our view, insufficiently valued by the market. Despite an outstanding performance in 2019 (+90% YTD), the stock is still trading at attractive multiples and the upside is still significant. We are initiating coverage with a Buy rating and target price of € 8.0. - Cf. equity report published last evening. - ...

Jeremy Garnier ...
  • Jerôme Bodin
  • Laurence Hofmann
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/12/2019

Generix Group possède aujourd’hui toutes les qualités d’un spécialiste du SaaS (visibilité, récurrence, croissance, captivité du CA et rentabilité) mais, selon nous, encore insuffisamment valorisées par le marché. Malgré un parcours remarquable en 2019 (+90% YTD), le titre se traite toujours sur des multiples attractifs et le potentiel d’appréciation reste important. Initiation de couverture à Achat, OC de 8.0 €. - Cf. étude publiée hier soir. - ...

Jeremy Garnier

Hornbach Holding : Early publication of Q3 2019-20 results – full-year guidance increased

>Q3 sales up 5% and doubling of underlying operating profit to € 42m - In a press release issued yesterday evening, the Hornbach Holding group announced that it was revising up its earnings estimates for FY 2019-20 following significant growth in provisional Q3 results (which are due to be published on 19/12). In the quarter (1 September to 30 November), sales came in above our estimate at € 1,139m (vs. € 1,115m est.), up 5% (vs. 2.8% est.). Underlying operating ...

Jeremy Garnier

Hornbach Holding : Publication anticipée des résultats T3 2019/20 – guidance annuelle relevée

>CA T3 en croissance de 5% et ROC doublé à 42 M€ - Dans un communiqué publié hier soir, le groupe Hornbach Holding annonce revoir à la hausse ses prévisions de résultats pour 2019/20 suite à une croissance significative des résultats provisoires du T3 (qui doivent être publiés le 19/12). Sur le trimestre (du 1er septembre au 30 novembre), le chiffre d’affaires ressort supérieur à notre attente à 1 139 M€ (vs 1 115 M€e) en croissance de 5% (vs +2.8%e). Le ROC est,...

Jeremy Garnier

Hornbach Holding : Les outils pour poursuivre la croissance

Acteur de premier plan du DIY (bricolage et jardinage) en Allemagne et en Europe, Hornbach Holding présente les qualités d’une société familiale bien gérée et offrant une excellente résilience. Grâce à son développement totalement organique et à sa stratégie omnicanale (online/offline), le groupe dispose encore d’un potentiel intéressant. Achat confirmé avec un OC relevé à 66 € (vs 62 €). - >Un acteur hybride du DIY parmi les leaders en Europe - Avec un réseau de 159 m...

Jeremy Garnier

Hornbach Holding : Early publication of Q3 2019-20 results – full-year guidance increased

>Q3 sales up 5% and doubling of underlying operating profit to € 42m - In a press release issued yesterday evening, the Hornbach Holding group announced that it was revising up its earnings estimates for FY 2019-20 following significant growth in provisional Q3 results (which are due to be published on 19/12). In the quarter (1 September to 30 November), sales came in above our estimate at € 1,139m (vs. € 1,115m est.), up 5% (vs. 2.8% est.). Underlying operating ...

Jeremy Garnier

Hornbach Holding : Publication anticipée des résultats T3 2019/20 – guidance annuelle relevée

>CA T3 en croissance de 5% et ROC doublé à 42 M€ - Dans un communiqué publié hier soir, le groupe Hornbach Holding annonce revoir à la hausse ses prévisions de résultats pour 2019/20 suite à une croissance significative des résultats provisoires du T3 (qui doivent être publiés le 19/12). Sur le trimestre (du 1er septembre au 30 novembre), le chiffre d’affaires ressort supérieur à notre attente à 1 139 M€ (vs 1 115 M€e) en croissance de 5% (vs +2.8%e). Le ROC est,...

Jeremy Garnier

Hornbach Holding : Les outils pour poursuivre la croissance

Acteur de premier plan du DIY (bricolage et jardinage) en Allemagne et en Europe, Hornbach Holding présente les qualités d’une société familiale bien gérée et offrant une excellente résilience. Grâce à son développement totalement organique et à sa stratégie omnicanale (online/offline), le groupe dispose encore d’un potentiel intéressant. Achat confirmé avec un OC relevé à 66 € (vs 62 €). - >Un acteur hybride du DIY parmi les leaders en Europe - Avec un réseau de 159 m...

Jeremy Garnier

Hornbach Holding : Tools on hand to ensure further growth

Hornbach Holding, a leading DIY and garden centre operator in Germany and Europe, has the qualities of a well-managed family business with tremendous resilience. Thanks to all-organic growth and an omni-channel (online and offline) strategy, the group still has untapped potential. We are maintaining our Buy recommendation on the stock and lifting our target price to € 66 from € 62. - >Hybrid DIY player ranking among Europe's top players - With a network of 159 stores a...

Henning Steinbrink

Hornbach Holding : Returning to growth

>Solid H1 revenue and earnings growth above estimates and consensus - Hornbach Holding reported strong H1 2019-20 results (March to August 2019), beating our estimates and the consensus, proving that they have regained their growth trajectory after the unfortunate FY 2018-19 performance. The main factor for the solid turnaround was sales growth generated with higher numbers of customers making larger average purchases. That was the case both online and at the stationa...

Jeremy Garnier ...
  • Jerôme Bodin
  • Laurence Hofmann
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 12/11/2019

Generix Group now has all the qualities of an SaaS specialist (visibility, revenue recurrence, growth, captive revenue and profitability) but these qualities remain, in our view, insufficiently valued by the market. Despite an outstanding performance in 2019 (+90% YTD), the stock is still trading at attractive multiples and the upside is still significant. We are initiating coverage with a Buy rating and target price of € 8.0. - Cf. equity report published last evening. - ...

Jeremy Garnier ...
  • Jerôme Bodin
  • Laurence Hofmann
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/12/2019

Generix Group possède aujourd’hui toutes les qualités d’un spécialiste du SaaS (visibilité, récurrence, croissance, captivité du CA et rentabilité) mais, selon nous, encore insuffisamment valorisées par le marché. Malgré un parcours remarquable en 2019 (+90% YTD), le titre se traite toujours sur des multiples attractifs et le potentiel d’appréciation reste important. Initiation de couverture à Achat, OC de 8.0 €. - Cf. étude publiée hier soir. - ...

HORNBACH HOLDING AG with less fundamental stars is reduced to Neutral

HORNBACH HOLDING AG (DE), a company active in the Broadline Retailers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date November 5, 2019, the closing price was EUR 54.60 and its expected value was estimated at ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

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