Hornbach Baumarkt AG 2020 Annual Report
Company: Hornbach Baumarkt AG
Sector: Wholesale & retail
Country: Germany
Year: 2020
Type: Annual Report
Pages: 184
The report presents HORNBACH Baumarkt AG Group's 2019/20 recovery, with consolidated net sales rising 8.1% to EUR 4,428 million and adjusted EBIT more than doubling to EUR 181.8 million. The Group operated 160 stores in nine European countries and reported 20,438 employees at February 29, 2020. The report also details first-time IFRS 16 adoption, which expanded the balance sheet through right-of-use assets and lease liabilities, and explains the COVID-19 disruption emerging after year-end. A separate non-financial group report is referenced rather than reproduced.
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