Original-Research: HORNBACH Holding AG & Co. KGaA (von Quirin Privatbank Kapitalmarktgeschäft): Buy

Original-Research: HORNBACH Holding AG & Co. KGaA - from Quirin Privatbank Kapitalmarktgeschäft

27.03.2026 / 10:23 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.

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Classification of Quirin Privatbank Kapitalmarktgeschäft to HORNBACH Holding AG & Co. KGaA

Company Name:	HORNBACH Holding AG & Co. KGaA
ISIN:	DE0006083405
Reason for the research:	update
Recommendation:	Buy
from:	27.03.2026
Target price:	110.00
Last rating change:
Analyst:	Ralf Marinoni

HORNBACH has delivered

According to prel. figures, HORNBACH was able to increase sales despite a challenging market environment - without a boost from consumer sentiment. Furthermore, market share gains were recorded in every key market for calendar year 2025. The business model is more than robust; we therefore confirm our BUY recommendation and the EUR 110.00 TP.

You can download the research here: HORNBACH20260327
For additional information visit our website: https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
[e-mail]
https://research.quirinprivatbank.de/

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2299244 27.03.2026 CET/CEST