HORNBACH Group Delivers Solid Performance in Q2 2024/25

The HORNBACH Group showed a robust performance in Q2 2024/25, maintaining consolidated net sales in line with the previous year's period. Despite challenges like unfavorable weather and consumer caution, the group's adjusted EBIT increased by 6.3% year-on-year to EUR 119.0 million. Half-year net sales saw a marginal rise to EUR 3,445.8 million, while earnings per share surged by 37.7% to EUR 10.78.

HORNBACH Baumarkt AG, the largest subgroup, recorded a 0.7% increase in half-year net sales. Moreover, customer frequency rose by 1.6%, reflecting successful market share expansions. Online sales, although slightly down, remained above pre-Covid levels.

The half-year adjusted EBIT climbed by 19.9%, driven by cost discipline and effective inventory management. Gross margin improved to 34.9%. The outlook for the full year remains stable amid economic challenges, with expectations of slightly higher sales and adjusted EBIT than the previous year.