HORNBACH Group delivers accelerating growth in Q3 2022/23 – sales up 10.4% y-o-y

Continued strong demand for construction and DIY products amid rising product prices: Consolidated sales up 10.4% in Q3 2022/23 and 6.7% in 9M 2022/23
9M 2022/23 like-for-like sales ahead of previous year (+3.4%) and significantly above pre-pandemic levels (3-year like-for-like +29.5%)

“Private and professional customers continue to execute construction and home improvement projects despite increased product prices. With our reliable every-day-low-price strategy and strong private brands we are in a good position to be the partner of choice in this challenging macroeconomic environment. The significant sales growth in Q3 was not only driven by inflation growth, but also by increased footfall in our stores.”, commented Erich Harsch, CEO of HORNBACH Baumarkt AG.