Quirin Privatbank Affirms Buy Recommendation for HORNBACH Holding

HORNBACH Holding AG & Co. KGaA, a prominent player in the building materials and home improvement sector, received a "Buy" recommendation from Quirin Privatbank. The research, issued on June 23, 2026, highlights a successful start to the fiscal year 2026/27 for HORNBACH. The company's Baustoff Union sub-group, focused on building materials distribution, posted significant net sales growth of 6.8%, reaching EUR 105 million compared to EUR 98 million in the previous year. This marks a notable recovery for a segment that had faced downturns in recent years, partly driven by an increase in building permits.

The target price set by Quirin Privatbank is EUR 110. Analyst Ralf Marinoni underscores the positive trajectory and recovery in sales as key factors supporting the revised recommendation.