EQS-News: HORNBACH Group grows sales and adjusted EBIT in 6M 2025/26 – Sales further increase in Q2

HORNBACH Group grows sales and adjusted EBIT in 6M 2025/26 – Sales further increase in Q2

• Group half-year net sales at EUR 3,599 million above prior year’s period (+4.4%) – sales in Q2 +3.0%
• Net sales of HORNBACH Baumarkt +4.7% on the back of continued strong customer frequency – online share increased to 13.1%
• Growth above sector average: HORNBACH further expands market share
• Adjusted EBIT up by 2.5% to EUR 272 million in the first half of 2025/26, despite lower operating income in Q2
• Guidance for the full year 2025/26 confirmed – three new large-scale DIY stores to open in the second half of 2025/26

Table 1: Key figures HORNBACH Holding AG & Co. KGaA Group

Q2 2025/26: June 1, 2025 to August 31, 2025; 6M 2025/26: March 1, 2025 to August 31, 2025

¹⁾ in constant currencies; includes sales from all stores that have been open for at least one year as well as sales from online shops

²⁾ adjusted to exclude non-operating income and expenses, e.g. impairment losses on assets, income from disposals of properties, income from write-ups of assets impaired in previous years

Rounding up or down may lead to discrepancies between percentages and totals. Percentage figures calculated on basis of EUR 000s.

Bornheim (Palatinate), Germany, September 30, 2025.

The HORNBACH Group (HORNBACH Holding AG & Co. KGaA Group; ISIN: DE0006083405) further increased sales in the second quarter (Q2) 2025/26, building on its strong performance in the first quarter. Consolidated Q2 net sales rose by 3.0% to EUR 1,689.9 million, mainly on the back of continued higher customer frequency, and amidst 2 fewer business days than Q2 2024/25. In total, half-year 2025/26 net sales were up by 4.4% at EUR 3,599.1 million based on a successful spring season (Q1). Adjusted EBIT in Q2 came in at EUR 110.5 million (-7.2% y-o-y). This was primarily driven by inflation-related salary adjustments and a slightly higher headcount due to upcoming store openings. Half-year adjusted EBIT increased by 2.5% to EUR 272.2 million in line with guidance, which remains unchanged. For the full year 2025/26, HORNBACH continues to expect sales at or slightly above* the previous year’s level (EUR 6,200 million) and adjusted EBIT at** the level of the 2024/25 financial year (EUR 269.5 million).

Albrecht Hornbach, CEO of HORNBACH Management AG, stated: "Our company is proving resilient even in a challenging macroeconomic environment and despite subdued consumer sentiment. We were able to achieve growth in all our European markets and further expand our market share in several countries. Consumers are willing to invest in their living environment and consider this to be important and worthwhile. We are confident about the future of our industry and continue to invest in growth. With new store openings in Romania and Austria, we are successfully driving forward our European expansion. Overall, we believe we are well on track to achieve our annual targets."

Erich Harsch, CEO of HORNBACH Baumarkt AG, commented: "We remain focused on our customers’ needs and on delivering the best DIY project support across channels. And this we do very successfully: according to recent customer surveys, we once again ranked first in overall customer satisfaction in Germany as well as in Austria this year. Also, in multiple countries we were voted best online DIY shop. Key success factors include a strong value-for-money approach driven by our everyday low prices, well positioned private labels, and a comprehensive on- and offline service offering.”

Net sales in the HORNBACH Baumarkt subgroup up 4.7% – Online share rose to 13.1%

At HORNBACH Baumarkt AG, the largest operating subgroup, half-year net sales increased by 4.7% to EUR 3,403.6 million (6M 2024/25: EUR 3,251.2 million). On a like-for-like basis and exchange rate adjusted, sales increased by 3.6% (6M 2024/25: +0.7%). As of August 31, 2025, the subgroup operated a total of 172 DIY megastores with garden centers and online shops in nine European countries. In the first half of the year, a new DIY store was opened in Duisburg (Germany), while an older location in Mainz-Kastel (Germany) was temporarily closed for remodeling.

In Germany, half-year net sales of HORNBACH Baumarkt subgroup increased by 2.9% to EUR 1,611.5 million (6M 2024/25: EUR 1,566.5 million), while like-for-like sales were up by 1.5% (6M 2024/25: +0.4%). Net sales outside of Germany grew by 6.4% to EUR 1,792.2 million (6M 2024/25: EUR 1,684.8 million). On a like-for-like basis and exchange rate adjusted, sales in Other European Countries were up by 5.6% (6M 2024/25: +1.0%). The international share of sales of HORNBACH Baumarkt AG subgroup rose to 52.7% (6M 2024/25: 51.8%).

Online sales (including Click & Collect) accounted for 13.1% of HORNBACH Baumarkt’s total sales in the first half of the financial year (6M 2024/25: 12.5%). Compared with the previous year’s period, online sales increased by 10.2% to EUR 447.3 million in 6M 2025/26.

Growth above sector average: HORNBACH further expands market share

HORNBACH Baumarkt subgroup continued to increase its market share in Germany as well as across its international markets. In the 2025 calendar year to date (January to July), the market share of HORNBACH Baumarkt (GfK³⁾) in Germany rose to 15.5% (2024: 14.9%), in Austria to 17.7% (2024:  17.3%), in Czechia to 38.5% (2024: 37.4%), in the Netherlands to 28.8% (2024: 27.5%) and in Switzerland to 14.8% (2024: 14.3%).

The HORNBACH Baustoff Union GmbH subgroup recorded broadly stable half-year sales of EUR 195.8 million (6M 2024/25: EUR 197.3 million). The subgroup currently operates 39 builders’ merchant outlets in south-western Germany and in France close to the German border.

Adjusted EBIT increased – improved gross profit offsets higher personnel costs

The half-year adjusted EBIT of HORNBACH Group increased by 2.5% to EUR 272.2 million (6M 2024/25: EUR 265.4 million) due to a strong spring season as well as a solid performance over the summer. The adjusted EBIT margin stands at 7.6% for the period (6M 2024/25: 7.7%). The earnings performance in Q2 2025/26 is mainly due to inflation-related salary adjustments and an increase in the number of employees because of new store openings. In addition, other income declined due to a positive one-off effect in the previous year. The 3.9% rise in gross profit for Q2 2025/26 only partially mitigated these impacts. Conversely, in the first half of 2025/26, gross profit growth of 4.6% outpaced the corresponding increase in costs.

Adjusted EBIT in the HORNBACH Baumarkt subgroup increased by 3.9% to EUR 251.6 million in 6M 2025/26 (6M 2024/25: EUR 242.2 million). HORNBACH Baustoff Union subgroup reported an adjusted EBIT of EUR 3.6 million (6M 2024/25: EUR 5.5 million) and HORNBACH Immobilien subgroup recorded EUR 32.5 million (6M 2024/25: EUR 32.2 million).

The financial result in Q2 2025/26 was impacted by negative currency effects of EUR 2.6 million, whereas positive effects had been recorded in the previous year (+EUR 2.3 million). In 6M 2025/26 earnings per HORNBACH Holding share came in almost at prior year's level at EUR 10.74 (6M 2024/25: EUR 10.78).

Full-year guidance confirmed – new stores to open in the second half of 2025/26

HORNBACH confirms the guidance given on May 21, 2025. The Group continues to expect net sales in the financial year 2025/26 at or slightly above^* the previous year’s level (EUR 6,200 million) and adjusted EBIT at^** the level of the 2024/25 financial year (EUR 269.5 million). Given the good earnings performance in 6M 2025/26, an adjusted EBIT in the upper half of the projected range currently appears likely.

HORNBACH started the second half of 2025/26 with the opening of three new large-scale HORNBACH DIY and garden stores. The locations in Bucharest-Colentina (Romania) and Eisenstadt (Austria) opened at the beginning of September; Timi?oara (Romania) will open on October 1, 2025. In addition, the previously closed DIY store location in Mainz-Kastel (Germany) is scheduled to reopen in November 2025 as a specialist store for floor coverings under the BODENHAUS brand.

Guidance nomenclature:

* Sales: “At previous year's level” = -2% to +2% | “Slight” = +/- 2% to +/-6% | “Significant” = changes of = > +/-6%. 
** Adj. EBIT: “At previous year's level” = -5% to +5% | “Slight” = +/- 5% to +/-12% | “Significant" = > +/-12%.

Table 2: Miscellaneous key figures HORNBACH Holding AG & Co. KGaA Group

³⁾ GfK definition: DIY stores bigger than 1,000 sqm; data available for Germany, Netherlands, Austria, Switzerland and Czech Republic

⁴⁾ Of which 170 HORNBACH DIY stores with garden centers and two BODENHAUS outlets

⁵⁾ Sales area BHB: Closed building (warm or cold): 100%; covered open space (cold): 50%; building material drive-in (cold): 50%; non-covered open 

   space (cold): 25%.

⁶⁾ Number of employees as of balance sheet date, including passive employees

Note
The Half-Year Financial Report of the HORNBACH Holding AG & Co. KGaA Group for Q2/6M 2025/26 is available online at: www.hornbach-holding.de.

The analyst and investor update call is scheduled for 8:30 AM CEST today, September 30, 2025 (English). A live broadcast is accessible via the following link: https://hornbach.engagestream.companywebcast.com/2025-09-30-hornbach

About HORNBACH Group

The HORNBACH Group is an independent, family-run retail group managed by HORNBACH Holding AG & Co. KGaA, which is listed on the Frankfurt Stock Exchange and included in the SDAX. Its largest subsidiary, HORNBACH Baumarkt AG, operates 174 DIY megastores with garden centers (including specialist stores) and online shops in nine European countries (as of September 30, 2025). The HORNBACH Group also includes HORNBACH Baustoff Union, a regional builders’ merchant company with 39 locations in southwestern Germany and France, and HORNBACH Immobilien AG, which develops retail real estate for the Group. In the 2024/25 financial year (balance sheet date: February 28, 2025), the HORNBACH Group generated net sales of EUR 6.2 billion, making it one of the top five retailers for DIY and garden products in Europe. The Group has around 25,000 employees.

HORNBACH Holding on LinkedIn