Q1 2027 HORNBACH Holding AG & Co KgaA Earnings Call Transcript
Key Points
- HORNBACH Holding AG and Co KGaA (WBO:HBH) recorded the highest quarterly net sales in the company's history, with May being the strongest month ever.
- Net sales reached EUR2 billion, an increase of 4.9% from last year, driven by international sales and solid like-for-like sales growth.
- The company expanded its market share in all HORNBACH countries, with significant growth in Czechia, the Netherlands, and Switzerland.
- E-commerce sales increased by EUR20 million, a 9% rise, with the e-commerce share of HORNBACH Baumarkt sales reaching 13.6%.
- The company remains committed to organic expansion, with plans for new store openings in the Netherlands and Austria in autumn 2026.
- Consumer sentiment remains subdued, particularly in Germany, impacting overall market conditions.
- Challenges in logistics and rising raw material prices continue to put pressure on margins.
- Personnel costs increased by 5.5% due to higher headcount and salary increases, impacting overall cost structure.
- The company faces ongoing negotiations with trade unions in Germany, which could lead to further cost increases.
- Free cash flow is expected to be under pressure due to increased CapEx for future growth, despite solid operating cash flow.
Good morning, welcome to our Q1 update call for HORNBACH Holding. My name is Antje Kelbert, Head of Investor Relations.
Earlier today, at 7:00 AM, we published our financial results for the first three months of fiscal year 2026-'27, covering the period from March 1 until the end of May 2026.
I extend my warmest welcome to our CFO, Dr. Joanna Kowalska, who will be our host today, presenting our latest set of numbers.
Please note that this conference call, including the Q&A session, will be recorded and made available along with the transcript on our company website.
Kindly also take note of the disclaimer, which applies to the entire presentation, as well as the Q&A session.
After the presentation, we will take your questions. The technicalities will be explained by our operator at the beginning of the Q&A session.
With that, I'm delighted to hand over to Joanna to walk us through the key developments of the first quarter of this year. Over to you, Joanna.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
