HORNBACH Holding AG & Co. KGaA / DE0006083405

Consolidated net sales increased by 5.7% in Q1 2025/26 – favorable weather and increased customer frequency Market share further expanded in Germany and Europe in calendar year 2025 Adjusted consolidated operating earnings (EBIT) improved by 10.4% to EUR 161.7 million, driven by increased sales and gross profit Full-year outlook confirmed in light of still uncertain macroeconomic environment Table 1: Key figures HORNBACH Holding AG & Co. KGaA Group

(in EUR million, unless otherwise stated)	Q1 2025/26	Q1 2024/25	Change in %
Net sales	1,909.2	1,805.7	5.7
of which HORNBACH Baumarkt AG subgroup	1,810.9	1,711.4	5.8
- Germany	870.0	831.2	4.7
- Other European countries	940.9	880.1	6.9
Like-for-like sales growth (HORNBACH Baumarkt)1)	3.4%	2.5%
of which HORNBACH Baustoff Union GmbH subgroup	98.7	95.7	3.1
Gross profit	672.8	639.1	5.3
Gross margin (as % of net sales)	35.2%	35.4%
EBIT	162.6	146.4	11.0
Adjusted EBIT2)	161.7	146.4	10.4
Adjusted EBIT margin	8.5%	8.1%
Consolidated earnings before taxes	148.8	131.3	13.3
Consolidated net income before minority interests	110.5	100.0	10.5
Earnings per Hornbach Holding share (basic/diluted in EUR)	6.62	5.96	11.1
Investments (CAPEX)	47.7	23.4	>100

1) in constant currencies; includes sales from all stores that have been open for at least one year as well as sales from online shop 2) adjusted to exclude non-operating income and expenses, e.g. impairment losses on assets, income from disposals of properties, income from write-ups of assets impaired in previous years Rounding up or down may lead to discrepancies between percentages and totals. Percentage figures calculated on basis of EUR 000s.
  Bornheim (Palatinate), Germany, June 24, 2025. The HORNBACH Group (HORNBACH Holding AG & Co. KGaA Group; ISIN: DE0006083405) as expected reported strong figures for Q1 2025/26 (March 1, 2025 to May 31, 2025). Given the favorable weather conditions and higher customer frequency, consolidated net sales increased by 5.7% to EUR 1.909.2 million. Adjusted EBIT improved y-o-y by 10.4% to EUR 161.7 million, mainly based on improved sales and gross profit. Accordingly, earnings per share in Q1 2025/26 increased to EUR 6.62 from EUR 5.96 in the previous year. In view of the continuing macroeconomic uncertainties, HORNBACH is confirming its forecast for the full year 2025/26. HORNBACH continues to expect sales at or slightly above* the previous year’s level (EUR 6,200 million) and adjusted EBIT at** the level of the 2024/25 financial year (EUR 269.5 million). “We have made a very good start to the 2025/26 financial year – thanks, in-part, to the consistently good weather, which has had a positive impact on demand for gardening products and building materials. It is also extremely encouraging that customer footfall rose significantly in the first quarter, up 4.2%. In addition, we are seeing a slight upward trend in average basket sizes, although our customers remain cautious when it comes to larger projects. And there are still uncertainties ahead for the rest of the year, which we have factored into our planning and outlook,” commented Erich Harsch, CEO of HORNBACH Baumarkt AG. Albrecht Hornbach, CEO of HORNBACH Management AG added: “Developments in the first quarter have been very encouraging. Both our DIY business and our building materials trade grew – and this development is the result of higher customer demand rather than higher prices. We certainly have reason to be optimistic, because our low-price strategy, innovative and attractive product range, and high service standards mean we are on the right track, as confirmed by the steady growth in our market share. However, anyone who knows HORNBACH is aware that we plan carefully. We are ambitious and determined, are driving forward many projects, but we are also preparing for the unexpected. We are therefore leaving our outlook for the full year unchanged.” At HORNBACH Baumarkt AG, the largest operating subgroup, net sales increased by 5.8% to EUR 1,810.9 million (Q1 2023/24: EUR 1,711.4 million). On a like-for-like basis and exchange rate adjusted, sales increased by 4.7% in Q1 2024/25 (Q1 2024/25: +2.5%). As of May 31, 2025, the subgroup operated a total of 173 DIY megastores with garden centers and online shops in nine European countries.   Net sales outside Germany see slightly stronger growth In Germany, net sales of HORNBACH Baumarkt subgroup increased by 4.7% to EUR 870.0 million in the first quarter (Q1 2024/25: EUR 831.2 million). The recent openings in Nuremberg (February 26, 2025) and Duisburg (March 26, 2025) also contributed to this. Like-for-like sales were up 3.4% (2024/25: +2.9%). Net sales outside of Germany grew by 6.9% to EUR 940.9 million (Q1 2023/24: EUR 880.1 million). On a like-for-like basis and exchange rate adjusted, sales in Other European Countries increased by 5.9% (Q1 2024/25: +2.1%). The international share of sales of HORNBACH Baumarkt AG subgroup stood at 52.0% (Q1 2024/25: 51.4%). Online sales (including Click & Collect) accounted for 13.1% of HORNBACH Baumarkt’s total sales in Q1 2025/26 (Q1 2024/25: 12.4%). Compared with the previous year’s quarter, online sales increased by 11.1% to EUR 236.3 million in Q1 2025/26 (Q1 2024/25: EUR 212.7 million). HORNBACH Baumarkt subgroup continued to increase its market share in Germany as well as across its international markets. In the 2025 calendar year to date (January to April), the market share of HORNBACH Baumarkt (GfK3)) rose to 15.6% (2024: 15.0%) in Germany, to 29.7% in the Netherlands (2024: 28.3%), to 18.2% in Austria (2024: 17.8%), to 14.9% in Switzerland (2024: 14.5%), and to 38.6% in Czechia (2024: 37.1%).The HORNBACH Baustoff Union GmbH (HBU) subgroup increased sales by 3.1% to EUR 98.7 million in the first quarter (Q1 2024/25: EUR 95.7 million). The subgroup currently operates 39 builders’ merchant outlets in south-western Germany and in France close to the German border.   Earnings improved compared to last year’s Q1 The adjusted EBIT of HORNBACH Group increased by 10.4% to EUR 161.7 million (Q1 2024/25: EUR 146.4 million) due to the weather-related strong spring season and improved gross profit (+5.3%). As such, the adjusted EBIT margin in Q1 2025/26 improved to 8.5% (Q1 2024/25: 8.1%). Inflation-related salary adjustments in the previous year did have a cost-increasing effect, but overall costs rose more slowly than sales in Q1 2025/26. Adjusted EBIT in the HORNBACH Baumarkt subgroup increased by 11.9% to EUR 151.3 million (Q1 2024/25: EUR 135.2 million). HORNBACH Baustoff Union subgroup reported adjusted EBIT of EUR 1.9 million (Q1 2024/25: EUR 2.0 million) and HORNBACH Immobilien subgroup recorded EUR 16.3 million (Q1 2024/24: EUR 15.9 million). Earnings per HORNBACH Holding share increased to EUR 6.62 (Q1 2024/25: EUR 5.96).   HORNBACH confirms outlook for 2025/26 HORNBACH confirms the guidance given on May 21, 2025. The Group continues to expect net sales in the financial year 2025/26 at or slightly above* the previous year’s level (EUR 6,200 million) and adjusted EBIT at** the level of the 2024/25 financial year (EUR 269.5 million). Given the good earnings performance in the first quarter of 2025/26, an adjusted EBIT in the upper half of the projected range currently appears likely. As communicated upon publication of the annual results for 2024/25 on May 21, 2025, significant macroeconomic uncertainties apply despite the company's good start to the 2025/26 financial year. Furthermore, the company faces inevitable cost increases largely resulting from inflation-related pay adjustments in the previous year.   Guidance nomenclature: * Sales: “At previous year's level” = -2% to +2% | “Slight” = +/- 2% to +/-6% | “Significant” = changes of = > +/-6%. 
** Adj. EBIT: “At previous year's level” = -5% to +5% | “Slight” = +/- 5% to +/-12% | “Significant" = > +/-12%.
  Table 2: Miscellaneous key figures HORNBACH Holding AG & Co. KGaA Group

	May 31, 2025	February 28, 2025
Shareholders’ equity as % of total assets	45.5%	44.1%
Number of retail stores4)	173	172	+1
Sales areas in 000 m² (BHB)5)	2,076	2,064	+0.6%
Number of HORNBACH Baustoff Union outlets	39	39	±0
Number of employees6)	25,563	25,329	+0.9%

3) GfK definition: DIY stores bigger than 1,000 sqm; data available for Germany, Netherlands, Austria, Switzerland and Czech Republic 4) Of which 171 HORNBACH DIY stores with garden centers and two BODENHAUS outlets 5) Sales area BHB: Closed building (warm or cold): 100%; covered open space (cold): 50%; building material drive-in (cold): 50%; non-covered open space (cold): 25%. 6) Number of employees as of balance sheet date, including passive employees   Note
The Quarterly Statement of the HORNBACH Holding AG & Co. KGaA Group for Q1 2025/26 is available online at: www.hornbach-holding.de. The analyst and investor update call is scheduled for 8:30 AM CEST today (English). A live broadcast is accessible via the following link:
https://hornbach.engagestream.companywebcast.com/2025-06-24-hornbach   About HORNBACH Group The HORNBACH Group is an independent, family-run retail group managed by HORNBACH Holding AG & Co. KGaA, which is listed on the Frankfurt Stock Exchange and included in the SDAX. Its largest subsidiary, HORNBACH Baumarkt AG, operates 173 DIY megastores with garden centers (including specialist stores) and online shops in nine European countries. The HORNBACH Group also includes HORNBACH Baustoff Union, a regional builders’ merchant company with 39 locations in southwestern Germany and France, and HORNBACH Immobilien AG, which develops retail real estate for the Group. In the 2024/25 financial year (balance sheet date: February 28, 2025), the HORNBACH Group generated net sales of EUR 6.2 billion, making it one of the top five retailers for DIY and garden products in Europe. The Group has around 25,000 employees.
 

Press and Investor Relations contacts
Antje Kelbert Head of Investor Relations Phone: +49 (0) 6348 / 60 2444 antje.kelbert@hornbach.com   Christian Grether Head of Public Relations Phone: +49 (0) 6348 / 60 2571 christian.grether@hornbach.com	Anne Spies Senior Investor Relations Manager Phone: +49 (0) 6348 / 60 4558 anne.spies@hornbach.com   Maximilian Franz Investor Relations Manager Phone: +49 (0) 6348 / 60 2071 maximilian.franz@hornbach.com

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