Hornbach lifts earnings outlook for 2026 27, shares trade in the SDAX focus

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-26, 14:07.

Hornbach Holding (DE0006083405) updated its guidance for the 2026 27 financial year after reporting first-quarter figures for the period from 1 March to 31 May 2026. The SDAX-listed DIY retailer now expects adjusted EBIT to come in slightly above the previous year, according to its earnings presentation and call.

What the first quarter showed

For Q1 2026 27, Hornbach reported group net sales that were roughly stable year on year, while earnings improved due to better cost control and an easing in freight and procurement costs. Management discussed the figures in detail on the quarterly earnings call on 19 June 2026, which was followed by analysts covering the stock on Xetra in Frankfurt. Q1 2026 27 earnings call transcript

The company highlighted that like-for-like sales trends in Germany were mixed, with resilient professional customer demand offsetting more cautious private household spending on big-ticket DIY projects. Outside Germany, stores in Central and Eastern Europe continued to benefit from relatively robust renovation and construction activity, helping to stabilize overall group sales.

Updated guidance and analyst view

On the back of the first-quarter performance, Hornbach lifted its full-year 2026 27 outlook for adjusted EBIT from roughly flat to slightly above the prior year’s level. Management still expects net sales for the current financial year to be at or slightly above the previous year, consistent with the guidance statement reported in recent trade press coverage of the group’s strategy. DIYinternational report on Hornbach outlook

Equity analysts following Hornbach compare the stock with listed European DIY peers such as Kingfisher and JD Group, noting that the company’s regional focus and strong position in project-oriented DIY give it some resilience in a muted consumer environment. Consensus data on platforms such as finanzen100 show Hornbach as part of the SDAX, with the shares trading around the high 70 euro range in recent Xetra sessions. finanzen100 profile with SDAX listing

How Hornbach earns its money

Hornbach’s core business is its network of large-format DIY and garden centers in Germany and several European countries, complemented by a growing online offering. The group generates revenue from building materials, tools, garden products and home improvement items, with a strong focus on project customers such as tradespeople and serious DIY enthusiasts.

Where the shares trade today

The Hornbach Holding shares (DE0006083405) last traded on Xetra in Frankfurt at around 78.40 euros on 2026-06-26, 11:00, according to recent exchange data.

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities.