EQS-News: HORNBACH Holding AG & Co. KGaA: Annual General Meeting confirms Supervisory Board with large majority and approves dividend of Euro 2.40

HORNBACH Holding AG & Co. KGaA: Annual General Meeting confirms Supervisory Board with large majority and approves dividend of Euro 2.40

• Supervisory Board members re-elected with large majorities for term through to 2028 Annual General Meeting
• Dividend of Euro 2.40 approved for 2022/23 financial year distribution quota increased
• Solid performance in past financial year despite challenging climate CSR strategy specified in greater detail
• CEO Albrecht Hornbach draws positive balance and believes company is well positioned for future

Bornheim (Palatinate), Germany, July 7, 2023.

Shareholders at todays Annual General Meeting of HORNBACH Holding AG & Co. KGaA expressed their continued confidence in the Supervisory Board and confirmed all six members in office with large majorities. Dr. John Feldmann, formerly a member of the Executive Board of BASF SE, will chair the board for a further term in office. Retail and finance expert Melanie Thomann-Bopp, who is Managing Director of the international kitchen and furniture manufacturer Nolte Küchen, will continue to chair the Audit Committee in future as well. Martin Hornbach, Managing Partner of the Corivus Group, will remain as Deputy Chair of the Supervisory Board. He has extensive expertise in IT and logistics, both important topics for the HORNBACH Group. In Simone Krah, Simona Scarpaleggia, and Vanessa Stützle, the Supervisory Board includes three additional proven experts in retail, human resources, and digital transformation. The full skills and expertise profile of the Supervisory Board members is presented on Page 24 of the 2022/23 Annual Report of HORNBACH Holding. Two thirds of the Supervisory Board members are women, while five of its six members are independent pursuant to the German Corporate Governance Code.

Dr. John Feldmann, Supervisory Board Chair of HORNBACH Holding AG & Co. KGaA: I would like to express my sincere thanks, also on behalf of my colleagues on the Supervisory Board, for the trust placed in us and very much look forward to shaping the ongoing future of the HORNBACH Group together with the recently extended Boards of Management.

Other proposals submitted by the Board of Management and Supervisory Board, including the distribution of the dividend of Euro 2.40 per share proposed for the 2022/23 financial year, were also accepted by a majority of shareholders. This corresponds to a distribution quota of 24.4% (2021/22: 19.2%) and a dividend yield of 3.1% based on the XETRA closing price on February 28, 2023. HORNBACH has thus upheld its dividend strategy: Since its IPO in 1987, HORNBACH Holding has each year distributed a dividend that was at or above the previous years level.

Albrecht Hornbach, CEO of HORNBACH Management AG, drew a positive balance of the companys performance in the 2022/23 financial year. We again managed to convince people of our performance capacity. In an inflationary environment accompanied by a reduction in our customers purchasing power, our Group-wide sales grew by 6.6% to Euro 6.3 billion. That is particularly pleasing if you consider that the 2021/22 financial year was already a record year with exceptionally strong results. He believes the company is well positioned for the years ahead as a reliable partner for DIY enthusiasts and professional tradespeople, particularly in terms of its range of products and services that do justice to growing sustainability requirements and meet the great demand for energy-efficiency refurbishments.

A total of 77.07% of HORNBACH Holdings share capital was represented at the companys Annual General Meeting. The voting results for individual agenda items at the Annual General Meeting and a recording of the presentation given by Albrecht Hornbach are published on HORNBACH Holdings website at: https://www.hornbach-holding.de/en/investor-relations/annual-general-meeting/  

About HORNBACH Group

HORNBACH Group is an independent, family-run retail group under the umbrella of HORNBACH Holding AG & Co. KGaA, which is listed on the Frankfurt Stock Exchange and represented in the SDAX. The largest subsidiary, HORNBACH Baumarkt AG, operates 171 DIY megastores with garden centers (incl. specialist stores) and online shops in nine European countries. The Group also includes HORNBACH Baustoff Union, a regional builders' merchant company with 40 locations in southwestern Germany and France, as well as HORNBACH Immobilien AG, which develops retail real estate for the Group. In the financial year 2022/23 (reporting date: February 28, 2023), the HORNBACH Group generated net sales of Euro 6.3 billion, making it one of the five largest DIY and garden retail companies in Europe. The Group has a workforce of more than 25,000 employees.

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