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Hornbach Holding fiscal Q2 profit falls YOY

Hornbach Holding AG & Co. KGaA said its normalized net income for the fiscal second quarter ended Aug. 31 was €1.75 per share, a decline of 27.1% from €2.40 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €28.0 million, a decline of 27.1% from €38.4 million in the prior-year period.

The normalized profit margin dropped to 3.0% from 4.1% in the year-earlier period.

Total revenue came to €940.4 million, compared with €938.6 million in the year-earlier period, and total operating expenses climbed from the prior-year period to €875.2 million from €851.6 million.

Reported net income decreased 23.9% on an annual basis to €33.8 million, or €2.11 per share, from €44.4 million, or €2.77 per share.