Observed Signal · May 19, 2026 · Earnings Report · Source: Manager Magazin · Impact: 4/5 · Sentiment: Neutral
Hornbach Defies Weak Consumer Demand, Raises Revenue
Hornbach Holding said it entered the spring season 'encouragingly' and reported resilience in fiscal year 2025/26 despite a weak consumer environment and higher personnel and operating costs. Revenue rose 3.8% to €6.4 billion. Adjusted operating profit (EBIT) was €264.7 million, slightly below the prior year and below some analyst expectations. The company proposed a stable dividend of €2.40 per share. Management warned of ongoing cost pressure and geopolitical risks, and guided for 2026/27 revenue at or slightly above prior-year levels with adjusted EBIT roughly flat. CEO Albrecht Hornbach highlighted market-share gains in Germany and Europe and an improved trading margin as positive factors.
This is an earnings/financial-results report: Hornbach's revenue increase, stable dividend and guidance provide signals about retail resilience, margin pressures and market-share trends that matter to competitors, suppliers and retail media strategies.
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Key Takeaways & Evidence Grounding
- Hornbach Holding reported fiscal year 2025/26 revenue of €6.4 billion, up 3.8%.
- Adjusted operating profit (EBIT) was €264.7 million, slightly below the prior year.
- The company proposed a stable dividend of €2.40 per share.
- Management expects 2026/27 revenue at or slightly above prior-year level and adjusted EBIT roughly at prior-year level.
- CEO Albrecht Hornbach said the spring season started 'encouragingly' but warned of continued cost pressure and geopolitical risks.
Connected Companies & Entities
2 Entities mappedRelated Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Hornbach Reports Higher Sales, Slight Dip in Operating Profit
Hornbach started fiscal 2026/27 with revenue growth driven by strong performance in its European DIY and garden markets, while adjusted operating profit (EBIT) fell marginally. In the quarter to end-May, sales rose by nearly 5% to about €2.0 billion, while adjusted EBIT decreased 0.5% to €161 million and the adjusted operating margin declined from 8.5% to 8.0%. Net profit after non-controlling interests was €99.8 million, down 5.7%, pressured by higher interest costs and negative currency effects. Management cited higher personnel and operating costs (including maintenance and IT) but maintained the full-year guidance: expected revenue roughly at €6.4 billion and an approximately stable adjusted EBIT versus prior year. The SDax-listed stock rose about 2% on the morning of the report.
Hornbach Q2 Revenue and EBIT Up Significantly
Hornbach Holding AG & Co. KGaA reported preliminary results for the second quarter of fiscal 2026/27, with net revenue rising 7.3% year-over-year to €1.814 billion, driven by robust customer demand and 1.3 additional selling days. Adjusted EBIT increased 12.8% to €124.6 million, with the adjusted EBIT margin improving to nearly 6.9%. For the first half, revenue grew 6.0% to €3.816 billion and adjusted EBIT rose 4.9% to €285.6 million. The company confirmed its full-year guidance, expecting net revenue at or slightly above the prior year's €6.434 billion and adjusted EBIT within a range of plus or minus five percent. Geopolitical risks remain a concern, potentially affecting consumer sentiment, purchasing costs, and logistics. Final half-year figures are due on September 29, 2026.
Hawesko Cuts 2026 Guidance After Weak Quarter
Hawesko Holding SE lowered its 2026 financial guidance after weaker-than-expected July and third-quarter developments and only limited seasonal pickup expected. Revenue is now forecast to fall 2–4% year-on-year (previously up to +2%). Operating EBIT before one-offs is guided to €23–26m (previously €28–32m). One-off charges may reach up to €4m (previously max. €2m). Free cash flow guidance was reduced to €28–33m (previously €30–36m) and ROCE is now expected at 9–11% (previously 11–14%). In H1 2026 Hawesko reported revenues of €274.8m (down 3.6% from €285.1m), an improved gross margin (43.9% → 45.2%) and operating EBIT decline from €6.1m to €5.1m. Management plans to intensify the FOKUS efficiency program and transform its e-commerce operations starting in autumn.
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