Hornbach Half-Year Report 2023

At € 3,228.1 million, net sales at the HORNBACH Baumarkt AG Subgroup in the period under report from March 1 to August 31, 2023 were almost at the same level (-0.3%) as in the previous year’s period (2022/23: € 3,236.8 million). On a like-for-like basis, consoli- dated sales net of currency items decreased by 1.3% in the first half (2022/23: +1.9%); including currency items, they fell by 1.1%. Online sales (including click & collect) dropped year-on-year by 11.5% to € 425.0 million. Online sales therefore accounted for 13.2% of total sales in the first half of 2023/24 (2022/23: 14.8%) and nevertheless remained significantly higher than prior to the pandemic in the 2019/20 financial year (9.8%).

At € 1,147.2 million, gross profit was 1.7% lower than the figure for the previous year’s period (2022/23: € 1,167.2 million). The gross margin eased from 33.7% to 33.3%, a development principally due to higher procurement prices and transport expenses, which were not fully offset by adjusting retail prices.