HORNBACH Reports Solid Growth Amidst Economic Challenges

HORNBACH Holding AG & Co. KGaA has maintained its growth trajectory in the second quarter of the 2025/26 fiscal year. The company achieved a 3.0% increase in sales compared to the previous year, reaching EUR 1,689.9 million, despite having two fewer business days. This growth is attributed to higher customer frequency. For the first half of the fiscal year, net sales rose by 4.4% to EUR 3,599.1 million, driven by a strong spring season.

The company faced a 7.2% year-on-year decline in Q2 adjusted EBIT, primarily due to inflation-related salary increases and a higher headcount for new store openings. However, the half-year adjusted EBIT increased by 2.5% to EUR 272.2 million. As a result, HORNBACH maintains its guidance for the year, with projected net sales and EBIT expected to meet or slightly exceed the previous year's figures.

Quirin Privatbank Kapitalmarktgeschäft reaffirms its "Buy" recommendation for HORNBACH, setting a target price of EUR 110, citing strong earnings performance in the first half of the year.