The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Thomas Maul - DZ Bank AG, Research Division - Analyst
: Thomas Maul, DZ Bank. I have 2. The first one, you just mentioned that you opened a store in Kristianstad, Sweden. Maybe you can elaborate a bit
about the current competitive situation in Sweden? And how many markets you would like to operate in Sweden in the longer term?
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DECEMBER 19, 2019 / 10:00AM, HBH.DE - Q3 2020 Hornbach Holding AG & Co KGaA Earnings Call
And the second question, I would be interested to know what the average shopping basket value is that people buy in the webshop and what the
Question: Mark Josefson - Pareto Securities, Research Division - Analyst
: I'd just like to come back to your answer to the previous question with respect to the control of the cost. If we look at particular administration,
that was actually down EUR 2 million in Q3 compared to last year. Is this a timing issue as well? Because I saw that in Q2, there was quite a big
increase for admin? And can you give us a sort of run rate for admin expenses for the full year of 12-month period?
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DECEMBER 19, 2019 / 10:00AM, HBH.DE - Q3 2020 Hornbach Holding AG & Co KGaA Earnings Call
Question: Mark Josefson - Pareto Securities, Research Division - Analyst
: Okay, okay. And can I just ask a question with respect to store opening expenses? I know they're spread for a period, but is it the case that the
preopening costs for the Dutch store that you mentioned that will fall into the fourth quarter, so there will be some preopening expenses in Q4 of
this year?
Question: Mark Josefson - Pareto Securities, Research Division - Analyst
: And in terms of the year in total, next year or the year 2020, what is the plan in terms of new DIY units?
Question: Mark Josefson - Pareto Securities, Research Division - Analyst
: New stores.
Question: Mark Josefson - Pareto Securities, Research Division - Analyst
: Okay. And you spoke about addressing issues at Baustoff Union, does that mean that the one that you acquired last year could be closed again?
Or is it a case of just playing with the mix at those units?
without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its
affiliated companies.
DECEMBER 19, 2019 / 10:00AM, HBH.DE - Q3 2020 Hornbach Holding AG & Co KGaA Earnings Call
Question: Mark Josefson - Pareto Securities, Research Division - Analyst
: The opening new business is the idea to expand the region a little bit?
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