Germany's Hornbach Q2 prelim sales rise on robust customer demand

Hornbach Holding AG & Co KGaA

07/09/2026 18:29

Overview
Germany DIY retailer's preliminary Q2 sales rose 7.3% yr/yr, driven by robust customer demand
Adjusted EBIT for preliminary Q2 grew 12.8% despite ongoing cost pressure
Company maintained FY outlook, citing geopolitical risks and consumer sentiment uncertainty

Outlook
Hornbach expects FY 2026/27 net sales at or slightly above EUR 6,433.9 mln
Company maintains FY 2026/27 adjusted EBIT guidance at EUR 264.7 mln
Hornbach cites ongoing geopolitical risks as factors that may impact outlook

Result Drivers
CUSTOMER DEMAND - Company said Q2 sales growth was driven by robust customer demand
CALENDAR EFFECT - Additional 1.3 business days in the quarter contributed positively to sales, according to the company
COST PRESSURE - Adjusted EBIT rose despite ongoing cost pressure, per company statement

Company press release: ID:nEQ43Xqqha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
EUR 1.81 bln
 
Q2 Adjusted EBIT
 
EUR 124.6 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the home improvement products & services retailers peer group is "buy"
Wall Street's median 12-month price target for HORNBACH Holding AG & Co KgaA is €90.00, about 10.2% above its September 7 closing price of €81.70
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)