HORNBACH H1 2026/27 slides: sales rise 6%, market share gains continue
HORNBACH Holding AG & Co. KGaA reported second quarter and first-half results for fiscal year 2026/27 on September 29, 2026. The German DIY retailer experienced broad-based sales growth and market share gains across Europe despite margin pressure from increased logistics costs. CFO Dr. Joanna Kowalska noted that HORNBACH continues to outperform the European DIY industry while maintaining the top position for overall customer satisfaction in Germany and Austria.
The company's second quarter saw net sales of €1,813.7 million, a 7.3% increase year-over-year, and €3,816.2 million for the six-month period, a 6.0% rise. Like-for-like sales growth reached 5.4% for the quarter and 4.0% for the first half, indicating strong demand. Adjusted EBIT increased to €124.6 million in Q2 and €285.6 million for the six months, while free cash flow surged 50.4% to €194.9 million.
Gross margin declined 0.3 percentage points to 34.6% due to higher purchase prices and logistics costs. HORNBACH's market position improved across key European markets, with notable gains in Czechia, the Netherlands, and Germany. The company acquired six former Hellweg locations in Germany and expanded into Serbia. Strategic acquisitions and German market consolidation further bolster HORNBACH's footprint.
Like-for-like sales growth stood at 4.0% for the first half, accelerating in Germany and Other Europe. Customer trends showed increased footfall and a higher average basket size. E-commerce grew by 8.6% and represented 13.5% of total sales.
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