Hornbach Full-Year Report 2023

The 2023/24 financial year presented numerous challenges. I can nevertheless establish that we at HORN- BACH view the development of our company with great optimism and confidence. We are on course and can report solid key figures. We concluded the 2023/24 financial year in accordance with our sales and earnings guidance. In the period from March 1, 2023 to February 29, 2024, the HORNBACH Group generated net sales of € 6.2 billion, equivalent to a reduction of 1.6% on the previous year.

If we consider the company’s performance over a slightly longer period, and as a family-managed retail com- pany that is the way we plan, then we can see a very pleasing picture, one in which our group of companies developed very positively over the past five years. In the 2019/20 financial year, the HORNBACH Group posted total net sales of € 4.7 billion. Back then, prior to the pandemic, that was already a real record year. Adjusted EBIT stood at € 227 million in 2019/20. Today, after what was certainly a challenging 2023/24 financial year, it stands at € 254 million. In terms of our earnings performance, there is a clear link between this and the inflation which set in with the war in Ukraine. This impacted on our gross margin, and thus also on our EBIT. The fact is that, in times of rising prices, retail companies need to be in good shape. That is because pro- curement prices rise first, before higher retail prices become established in the market. And we are in very good shape in this respect.

Highlights

  • € 6.2 billion
  • Consolidated sales were at € 6.2 bn in the 2023/24 financial year.
  • € 2,823
  • HORNBACH is the German DIY market leader in terms of sales per square meter.
  • Dividend gem
  • Since its IPO in 1987, HORNBACH Holding AG & Co. KGaA has each year distributed a dividend at least as high as the year before.
  • No. 1
  • HORNBACH regularly receives top rankings for its product range and prices in customer satisfaction surveys.
  • 62%
  • HORNBACH owns more than half the properties used for its retail operations.

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