Hornbach AG: e-commerce investment diminishes result

The operating result (EBIT) of Hornbach Baumarkt AG (Bornheim) declined by 5.6% in the first quarter of the 2016/2017 financial year (28 February) to €61.5m (March-May 2015: 65.2m). The group attributes this decline predominantly to investments made in the e-commerce division. Costs for the expansion of this ...

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