Hornbach meets 2025/26 targets despite Q4 losses and leadership shake-up
Hornbach Holding has met its financial goals for the 2025/26 financial year, despite a challenging fourth quarter. The company reported a €34.8 million adjusted EBIT loss in that period, driven by rising costs. Leadership changes and efficiency plans are now underway to stabilise performance.
Over the past five years, Hornbach maintained steady growth in the European DIY sector. Annual revenue rose by 4-6%, reaching €6.3 billion in 2024/25. However, competitors like Obi and Bauhaus expanded more aggressively, causing Hornbach's market share in Germany to dip from 8% to 7%.
For the 2025/26 financial year, net sales climbed 3.8% to €6.434 billion. Adjusted EBIT stayed nearly flat at €264.7 million, though the fourth quarter saw a €34.8 million loss. Management attributed this to higher costs but stressed that full-year targets were achieved.
A leadership reshuffle is now in place to ensure stability. Erich Harsch will take over as CEO from Albrecht Hornbach. Jan and Nils Hornbach will also join the board, reducing governance risks while keeping the family's influence. The new team plans to restore profitability through cost cuts and price adjustments.
Analysts remain cautiously optimistic about the company's future. They predict modest revenue growth next year, with a focus on operational efficiency. Despite recent challenges, Hornbach's stable dividends and European expansion keep it attractive to DACH-region investors.
Hornbach's latest results show resilience amid rising costs and competitive pressure. The leadership transition and efficiency measures aim to secure long-term stability. Investors continue to view the company as a reliable option due to its consistent dividends and gradual expansion across Europe.
