Put companies on watchlist
HORNBACH Holding AG & Co. KGaA
ISIN: DE0006083405
WKN: 608340
Curious about what AI knows about Hornbach Holding? Just one click more
More AI Integrations
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

HORNBACH Holding AG & Co. KGaA · ISIN: DE0006083405 · EQS - Analysts (63 News)
Country: Germany · Primary market: Germany · EQS NID: 22908
24 June 2025 04:23PM

Buy


Original-Research: HORNBACH Holding AG & Co. KGaA - from Quirin Privatbank Kapitalmarktgeschäft

24.06.2025 / 16:23 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.


Classification of Quirin Privatbank Kapitalmarktgeschäft to HORNBACH Holding AG & Co. KGaA

Company Name: HORNBACH Holding AG & Co. KGaA
ISIN: DE0006083405
 
Reason for the research: Update
Recommendation: Buy
from: 24.06.2025
Target price: 110.00
Last rating change:
Analyst: Ralf Marinoni

Q1-25/26: strong increase of sales, earnings and cash flow

HORNBACH Holding started strong into the current business year; in our view, there were 3 highlights: 1) significant increase in sales (EUR 1,909.2m, +5.7% yoy) and adjusted EBIT (EUR 161.7m, +10.4% yoy), 2) more than tripling of free cash flow (EUR 147.4m vs. EUR 43.0m in Q1-24/25) and 3) a specification of the FY 2025/26 guidance, with the company saying that the upper range of adj. EBIT is likely.
The HORNBACH Baumarkt sales grew across all regions, with Germany contributing 48% and other European countries 52% of total sales. This subgroup experienced a 5.8% sales increase, while the Baustoff Union subgroup rose by 3.1%. It is worth mentioning that the Baustoff Union serves commercial clients and the weakness in the construction sector may have “bottomed out” according to CEO Albrecht Hornbach.
Like-for-like sales growth was positive in nearly all countries, with particularly strong results in Luxembourg and the Netherlands (both +10.9%). Market share gains were again achieved in Germany, the Netherlands, Czechia, Austria, and Switzerland. E-commerce sales grew by 11.1%, with online channels accounting for 13.1% of Baumarkt sales, while they were 12.4% in Q1 24-25. The company maintained a strong balance sheet, with an equity ratio of 45.5% and net debt/EBITDA reduced to 2.3x (February 2025: 2.6x).
In our opinion, HORNBACH's outlook continues to remain cautious/conservative. We therefore confirm our Buy recommendation and the EUR 110 TP.
 

You can download the research here: http://www.more-ir.de/d/32908.pdf
For additional information visit our website: https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/


The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


2159850  24.06.2025 CET/CEST

Visual performance / price development - HORNBACH Holding AG & Co. KGaA
Smart analysis and research tools can be found here.
MIC: XETR
Power-Shortcuts

HORNBACH Holding AG & Co KgaA

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2025
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.