Hornbach (hypermarket)
The Hornbach Group is one of the largest operators of DIY stores and garden centers in Europe. The overall Hornbach Holding AG, based in Neustadt on the Wine Route consists of three subgroups. The largest is the Hornbach DIY AG, which operates construction and garden centers, located in Bornheim bei Landau in the Palatinate. Then there are the Hornbach Building Materials Union GmbH and Hornbach Immobilien AG.
In fiscal year 2012/2013 ( March 1, 2012 to February 28, 2013), the Hornbach Group achieved a turnover of € 3.0 billion.
Hornbach operates 31 August 2013 a total of 140 DIY megastores with garden centers in nine countries, including 92 in Germany ( also: Austria, Netherlands, Czech Republic, Luxembourg, Switzerland, Sweden, Slovakia, Romania). With a total sales area of 1.6 million m2, the average size of a Hornbach DIY and garden market more than 11,600 m2 is.
The company's focus on the needs of project and commercial customers manifests itself in addition to the market size and the available low especially in the so-called permanent low price strategy, which waived the advertising According to the company to discount offers and the customer instead always guarantees low prices.
History
The company in 1877 by slate roofer Michael Hornbach was founded with a workshop in Landau in der Pfalz, 23 years later, the business was expanded by his son William to a builders merchants. Opened in 1968 Otmar Hornbach, Bornheim ( Palatinate ) first combined construction and garden market - at that time a novelty in Europe. With the first store opening in Austria in 1996, began the company's expansion into other European countries.
Corporate Structure
Hornbach Holding
The Hornbach Holding AG, which went public in 1987 ( ISIN: DE0006083439 ), is the parent company of the Hornbach Group. It is not itself an operating company, but has a number of major subsidiaries.
By far the largest and most important subsidiary is the Hornbach DIY AG operates DIY megastores at home and abroad. Rounding out the trading activities by the Hornbach Union Building Materials GmbH, which is active in the construction materials segment with predominantly commercial customers. The Hornbach Immobilien AG develops first-class retail properties and owns much of the extensive real estate assets of the Hornbach Group.
The share capital of Hornbach Holding AG is divided equally between ordinary and non-voting preference shares. The eight million preference shares ( ISIN DE0006083439) are approximately 91.3 % owned by independent shareholders; 8.7 % are held by Kingfisher plc. The preference shares are listed on the Prime Standard of the German stock exchange. The unlisted eight million ordinary shares are 75% owned by the family. The strategic partner Kingfisher holds 25% plus two shares in the voting share capital.
Hornbach DIY
Mainstay of the trading activities of the Hornbach Group are operated since 1968 DIY megastores with garden centers under the umbrella of the subgroup Hornbach DIY AG. The company has been publicly traded since 1993. The DIY ordinary shares ( ISIN: DE0006084403 ) are admitted to the Prime Standard of the German stock exchange. Of the approximately 31.8 million shares of the company, 76.4 % of the Hornbach Holding AG are held, while 18.4% are owned by independent shareholders. Kingfisher plc holds 5.2% of the shares.
Hornbach Union Building Materials
The Hornbach Building Materials Union GmbH currently operates 25 building material acts in Rhineland -Palatinate, Baden- Württemberg and Saarland as well as two offices in France. Assortment and services are mainly geared to the needs of professional customers from the main target groups of the construction-related trades. Here materials for the construction industry are traded primarily. The branches are made in Germany under the name Union Building Centre Hornbach, Ruhland - Kalle Born and Robert Röhliger, in Lorraine under the name Holtz.
Awards
In 2000, the company was awarded the Golden Sugarloaf. 2006 Hornbach awarded the German Retail Price for the management performance of the year. In 2007, Otmar Hornbach, pioneer and founder of the DIY company, for his life's work with the " Lifetime Achievement Award " of the Association of German DIY, Home Improvement and Garden Stores ( BHB) honored.