HORNBACH Baumarkt AG — Earnings Release 2002

Mar 25, 2003

News Details

Ad-hoc | 25 March 2003 16:11

Hornbach Baumarkt AG english

Revised Earnings Forecast for Fiscal Year 2002/03 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Revised Earnings Forecast for Fiscal Year 2002/03 Bornheim bei Landau, March 25, 2003 In the course of the preparation of its annual financial statements, HORNBACH- Baumarkt-AG (WKN 608440) has revised the earnings forecast issued in the previous quarter. Earnings before tax and extraordinary items (the flood in 2002) are now expected to be lower than had been predicted in the third-quarter report (November 30, 2002). In that report, the Board of Management had assumed that earnings before tax and extraordinary items for the 2002/03 fiscal year would be significantly lower than in the previous year. At the end of the third quarter, this key figure was almost 20% below the equivalent figure for the previous year. The company will provide more specific information as soon as reliable preliminary earnings figures for the 2002/03 fiscal year are available. The Board of Management of HORNBACH-Baumarkt-AG expects the 2003/04 fiscal year to see an increase in consolidated earnings before tax and extraodinary items back to a level in excess of the equivalent figures for the 2001/02 fiscal year. end of ad-hoc-announcement (c)DGAP 25.03.2003 ——————————————————————————– WKN: 608440; ISIN: DE0006084403; Index: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Hamburg, München und Stuttgart 251611 Mär 03