DIY retailer Hornbach has released its financial results for the year ended February 28, when sales rose 3.7% to €2.85bn (£2.42bn).

EBIT fell 15.4% to €151.5m (£128.5m).

In Germany, store sales increased 2.8%, and 1.8% on a like-for-like basis. Meanwhile, Hornbach’s international division grew 4.2%, although like-for-like sales contracted
by 0.9%. Unfavourable currency effects from the Czech Republic and Romania were roughly compensated by positive effects from Switzerland and Sweden.

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