Hornbach Holding AG
FRA:HBH3 ISIN:DE0006083439
Hornbach Holding AG (ETR:HBH3) is a Germany-based investment holding company that, through subsidiaries, is mainly engaged in the building trade area, building component manufacture and other areas related to the construction sector. The Company's main subsidiary is Hornbach-Baumarkt-AG, 77.2%-owned, which is engaged in the operation of a chain of megastores offering do-it-yourself (DIY), home improvement and garden products. Among the Company's other subsidiaries are wholly owned Hornbach Baustoff Union GmbH, which is active in the construction materials and builders merchants business, and wholly owned Hornbach Immobilien AG, which owns the real estate portfolio of the Company and focuses on the development of retail properties for the operating subsidiaries.
News
HORNBACH HOLDING AG (OJ:HBH3) HORNBACH HOLDING AG / Board of directors / Ad hoc: Personnel change: Eduard Zimmerle leaves HORNBACH Group Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Neustadt a. d. Weinstrasse, October 16, 2008. Due to personal reasons, Eduard Zimmerle, the longstanding Deputy Chairman of the Board of HORNBACH HOLDING AG and Chairman of the Board of Management of HORNBACH Immobilien AG, will be retiring from the Boards of Management of these companies on a basis of mutual and amicable consent as of October 31, 2008.
Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Successful first half of 2008/2009: - Significant growth in sales and earnings - Consolidated sales up by 6.7% - Like-for-like sales growth in Germany and abroad - Disproportionate earnings growth - New HORNBACH locations in Sweden and Rumania
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