Germany · Delayed Price · Currency is EUR HORNBACH Holding AG & Co. KGaA Earnings Call Transcripts
Fiscal Year 2027
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Record Q1 net sales and strong like-for-like growth were driven by international expansion and e-commerce gains. Margins remain under pressure from logistics and cost inflation, but guidance for stable sales and EBIT is confirmed. CapEx will rise to support further growth.
Fiscal Year 2026
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Net sales grew 3.8% to EUR 6.43 billion with strong like-for-like and online growth, outperforming the sector. Adjusted EBIT remained stable despite higher costs, and the outlook for 2026/2027 is cautious but expects flat to slightly higher sales and EBIT.
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A leading European DIY retailer reported resilient growth, expanding its footprint and digital integration while maintaining a strong dividend record. Strategic expansion into Serbia is planned by 2027, with ongoing efficiency and ESG initiatives.
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Net sales grew 3.8% to €5.1 billion, with strong international and e-commerce performance, stable gross margin, and Adjusted EBIT matching last year. Expansion continues with new stores and entry into Serbia, while CapEx and personnel costs rise. Guidance for stable EBIT and sales is maintained.
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Net sales rose 4.4% year-over-year, with strong like-for-like and e-commerce growth, and market share gains across Europe. Adjusted EBIT increased 2.5%, and free cash flow improved, while guidance for the full year is confirmed. Expansion continues with new store openings and infrastructure investments.
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Q1 saw 5.7% sales growth and a 10.4% rise in adjusted EBIT, driven by strong demand, new stores, and e-commerce gains. Guidance for the year is maintained, with EBIT likely at the upper end of the range amid ongoing macroeconomic uncertainties.
Fiscal Year 2025
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Net sales rose 0.6% to €6.2 billion and adjusted EBIT grew 6% to €270 million, with market share gains in key countries. Outlook for FY 2025-2026 is stable to slightly positive, with continued expansion and cautious guidance amid macroeconomic uncertainty.
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Sales grew 0.5% to €4.95B in the first nine months, with gross margin up 1.3 points and adjusted EBIT up 11.4% year-over-year. Market share increased in most regions, and cash flow from operations rose 20.1%. Full-year EBIT is expected slightly above last year, with stable margins.
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Sales and earnings grew in H1 2024-25, with gross margin up 1.6pp and adjusted EBIT up 19.9% year-over-year. Despite macroeconomic headwinds and subdued consumer sentiment, market share and customer satisfaction improved, and guidance for the full year remains unchanged.
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Q1 saw strong EBIT growth, higher gross margin, and increased sales, with market share gains in key regions. Guidance remains unchanged despite a slower Q2 start due to weather and sporting events, while Baustoff Union continues to face construction sector headwinds.