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Thomson Financial Business Description:
| The Group's principal activity is that of a Holding Company with active in the sale of DIY, property, building and gardening products through retail outlets in Germany and Europe. The Group operates through two segments namely: Retail and Real Estate. The Retail segment includes the DIY megastores with garden centers, the specialist garden centers and the builders merchants outlets which are grouped together in the HORNBACH HOLDING AG Group. The Real Estate segment includes the retail properties owned by companies in the HORNBACH-Baumarkt-AG Group, as well as by HORNBACH Immobilien AG, which let and charge the properties at normal market conditions to the respective DIY stores with garden centers within the Group. The Group has operations in Germany, Czech Republic, Austria, the Netherlands, Luxembourg, Switzerland, Sweden, Slovakia and Norway. |
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