Hornbach Holding Q1 net sales rise, driven by European markets outside Germany

Hornbach Holding AG & Co KGaA

19/06/2026 06:13

Overview
Germany DIY retailer's Q1 net sales grew 4.9% yr/yr, driven by European store performance
Adjusted EBIT for Q1 was nearly flat as higher costs offset gross profit growth
Q1 net income declined, mainly due to higher interest expenses and negative currency effects

Outlook
Hornbach confirms 2026/27 net sales to be at or slightly above prior yr EUR 6.4 bln
Company expects 2026/27 adjusted EBIT roughly at prior yr EUR 264.7 mln
Hornbach sees moderate cost increases, depending on German retail sector wage negotiations

Result Drivers
EUROPEAN SALES GROWTH - Strong sales in European countries outside Germany, especially the Netherlands, Czechia, and Slovakia, drove group revenue growth, per Chairman Albrecht Hornbach
MARKET SHARE GAINS - Co expanded market shares in Germany and across Europe, supported by new store openings and ongoing expansion
COST PRESSURES - Higher personnel, operating, and administrative expenses, mainly due to expansion-related workforce growth, offset gross profit gains and kept adjusted EBIT flat

Company press release: ID:nEQ2qkzFka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
 
EUR 2 bln
 
Q1 Net Income
 
EUR 104.2 mln
 
Q1 Adjusted EBIT
 
EUR 161 mln
 
Q1 Adjusted EBIT Margin
 
8.0%
 
Q1 EBIT
 
EUR 161 mln
 
Q1 Pretax Profit
 
EUR 140.7 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 16.1% above its June 18 closing price of €77.50

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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.)