HORNBACH Group Sees Strong Q1 2024/25 Performance with 44% Earnings Increase

HORNBACH Holding AG & Co. KGaA has reported a robust performance for Q1 2024/25, with a 1.8% rise in consolidated net sales, reaching EUR 1,805.7 million. Favorable weather conditions contributed to counteracting the challenging consumer environment.

Adjusted EBIT surged by 33.8% to EUR 146.4 million due to normalized gross margins and stringent cost management. Earnings per share jumped by 44% year-on-year, standing at EUR 5.96. The company maintains its full-year outlook, anticipating net sales slightly above last year's EUR 6,161 million and adjusted EBIT at or slightly above EUR 254.2 million recorded in the previous year.

Net sales in Germany increased by 2.8% to EUR 831.2 million, while other European countries saw a 2.4% rise to EUR 880.1 million. However, online sales fell by 4.0% compared to the previous year, standing at EUR 212.6 million, albeit still above pre-Covid levels.

Despite an encouraging Q1, the company remains cautious, noting the need to monitor consumer behavior closely in the coming months, particularly amid ongoing macroeconomic uncertainties.