Added to YB: 2026-05-25
Pitch date: 2026-05-21
HBH.DE [neutral]
HORNBACH Holding AG & Co. KGaA
Author Info
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Company Info
HORNBACH Holding AG & Co. KGaA, through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.
Market Cap
EUR 1.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.53
P/E
N/A
EV/Sales
0.44
Sector
Specialty Retail
Category
N/A
Hornbach (HBH Germany): market-share gains continue but the macro backdrop still caps enthusiasm
HBH.DE (update): FY rev €6.4bn (+3.8%), EBIT €265m (4.1% margin), net income €144m. Gaining share in Germany (15.7%), Netherlands, Austria, Switzerland, Czech despite weak DIY/construction backdrop. Gross margin improved to 35% on mix/pricing; opex pressures from wages/logistics limited margin decline. FCF €123m on €220m capex. E-commerce 12.7% sales. FY26-27 guide: rev -2% to +6%, EBIT ±5%—wide range reflects low consumer/construction visibility. Trades ~9x fwd EV/EBIT, fair for steady execution but muted macro recovery.
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