HORNBACH Baumarkt
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HORNBACH Baumarkt (HBM) investor relations material

HORNBACH Baumarkt Q4 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 25/26 earnings summary19 May, 2026

Executive summary

  • Nettoumsatz stieg im Geschäftsjahr 2025/26 um 4,0 % auf 6.081,7 Mio. €, getrieben durch höhere Kundenfrequenz (+3,0 %) und Onlinewachstum (+7,1 %).

  • Adjusted EBIT legte um 0,6 % auf 235,0 Mio. € zu, während der Konzernjahresüberschuss um 5,7 % auf 108,8 Mio. € sank.

  • Vier neue Märkte eröffnet, Expansion in Serbien angekündigt, Fokus auf Digitalisierung und Interconnected Retail.

  • Marktanteile in Kernländern weiter ausgebaut, insbesondere in den Niederlanden, Tschechien, Schweiz, Deutschland und Österreich.

Financial highlights

  • EBITDA stieg um 0,8 % auf 490,6 Mio. €, EBITDA-Marge bei 8,1 % (Vj. 8,3 %).

  • Adjusted EBIT-Marge bei 3,9 % (Vj. 4,0 %), EBIT-Marge stabil bei 3,8 %.

  • Operativer Cashflow erhöhte sich auf 380,2 Mio. €, Free Cashflow nach Dividende auf 221,9 Mio. €.

  • Investitionen stiegen auf 135,3 Mio. €, davon 31 % in Grundstücke und Gebäude.

  • Eigenkapitalquote bei 38,3 %, Nettoverschuldungsgrad (Net Debt/EBITDA) bei 3,2.

Outlook and guidance

  • Für 2026/27 wird ein Nettoumsatz auf oder leicht über Vorjahresniveau (6.081,7 Mio. €) und ein Adjusted EBIT auf Vorjahresniveau (235,0 Mio. €) erwartet.

  • Geplante Expansion mit drei neuen Standorten, Investitionen werden deutlich über Vorjahr liegen.

  • Prognose reflektiert geopolitische Unsicherheiten, steigende Energie- und Logistikkosten sowie moderaten Kostenanstieg.

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Q1 26/2719 Jun, 2026
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