Germany's Hornbach Q2 net sales rise on strong seasonal demand

Hornbach Holding AG & Co KGaA

29/09/2026 06:15

Overview
Germany DIY retailer's Q2 net sales rose 7.3% yr/yr on strong seasonal demand
Q2 adjusted EBIT increased 12.8% as gross profit growth offset higher costs
Company confirms full-year guidance and continues European expansion with new store openings

Outlook
Hornbach confirms 2026/27 net sales to be at or slightly above prior year's EUR 6.4 bln
Company expects 2026/27 adjusted EBIT to be approximately at prior year's EUR 264.7 mln
Hornbach sees moderate cost increases from wages and IT projects for the rest of the yr

Result Drivers
SEASONAL DEMAND - Co said strong demand for seasonal product ranges, including air-conditioning units, shading products and irrigation solutions, drove Q2 sales growth
STORE EXPANSION - New store openings in Slovakia and Austria and planned additions in Germany contributed to higher sales and market share gains
GROSS PROFIT OFFSET COSTS - Sales-driven gross profit growth offset higher procurement, logistics, personnel, maintenance and IT costs

Company press release: ID:nEQ4SDXRFa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
EUR 78 mln
 
Q2 Adjusted EBIT Margin
 
6.9%
 
Q2 EBIT
 
EUR 124.90 mln
 
Q2 Pretax Profit
 
EUR 108.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 7.9% above its September 28 closing price of €83.40
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.)