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

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

30.09.2026 / 16:30 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.

---

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:	30.09.2026
Target price:	110.00
Last rating change:
Analyst:	Ralf Marinoni

Strong development in H1-26/27

HORNBACH delivered a strong first half of FY 2026/27, driven by solid customer demand across its markets. Group net sales increased by 6.0% to EUR 3.82bn, supported by like-for-like sales growth of 4.0%. This demonstrates that growth was not only driven by expansion but also by stronger underlying customer activity. Despite higher costs related to personnel, expansion activities and store openings, HORNBACH increased its adjusted EBIT by 4.9% to EUR 285.6m, highlighting the resilience of its operating performance. The company confirmed its FY 2026/27 guidance.

You can download the research here: HORNBACH20260930
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/

---

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News

---

2408170 30.09.2026 CET/CEST