Q1 2026 HORNBACH Holding AG & Co KgaA Earnings Call Transcript
Key Points
- Net sales grew by 5.7%, driven by favorable weather conditions and new store openings.
- Like-for-like sales increased by 4.7%, indicating strong customer engagement.
- E-commerce sales showed strong growth of 11.1%, enhancing the company's digital presence.
- Adjusted EBIT improved by 10.4% due to better sales and cost management.
- The company maintained a robust balance sheet with an equity ratio of 45.5%.
- Gross margin slightly decreased to 35.2% from the previous year.
- Macroeconomic uncertainties and dampened consumer sentiment could impact future performance.
- Cost increases, particularly in employee wages, are expected to continue.
- Sales growth was not influenced by inflationary effects, indicating limited volume growth.
- The competitive environment in Austria poses challenges for market share expansion.
Good morning and welcome to HORNBACH Holdings quarterly update call presentation on the first quarter of fiscal 2,526. My name is Antije Kelbert, head of Investor Relations.
Today at 7:00 AM we have already published our figures for the first quarter comprising the period of March 1st until May 30, 2025. Welcome and good morning also to our CEO and interim CFO Albrecht Hornbach, who will be our host and presenter today and will later take your questions.
Please note, the entire conference call, including the Q&A session will be recorded and made available with a transcript on the corporate website afterwards. Please also take note of the disclaimer, which is valid for the entire presentation and for the Q&A session.
To ask a question, please dial in for the telephone conference. Dial the numbers have been provided in your confirmation email.
The operator will give further advice at the beginning of the Q&A session at the end of the call. By pressing key 5 on your phone, you can
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