HORNBACH Group Delivers Solid Performance in 2023/24 and Projects Positive Outlook

HORNBACH Group reported a strong performance for the 2023/24 financial year, recording net sales of EUR 6.2 billion, a slight decline of 1.6% from the previous year. The gross margin improved due to normalization in core commodity prices and a favorable product mix. Adjusted EBIT was EUR 254.2 million, a decrease of 12.4% year-on-year, but aligned with guided results. The company proposes a stable dividend of EUR 2.40 per share, subject to approval at the Annual General Meeting.

For the 2024/25 financial year, HORNBACH expects net sales to be slightly above 2023/24 levels, driven by a strong spring season. Adjusted EBIT is projected to remain stable or slightly increase compared to the previous year. Continued cost increases are anticipated, stemming from inflation-driven salary adjustments, IT investments, and regulatory requirements. Despite these challenges, the company maintains a positive outlook, citing increased customer frequency and strong market share growth in key regions.