Hornbach Q1 Report 2022

The HORNBACH Group increased its sales in the first quarter (Q1) of 2022/23 (March 1 to May 31, 2022) to € 1,813.4 million, up 8.1% on the previous year’s record figure (2021/22: € 1,678.1 million). Sales at the largest operating subgroup, HORNBACH Baumarkt AG (DIY retail), grew by 8.2% to € 1,705.3 million (2021/22: € 1,575.8 million). On a like-for-like basis and net of currency items, DIY sales rose by 5.3% in the first three months. Sales at the HORNBACH Baustoff Union GmbH Subgroup increased by 6.0% to € 108.0 million (2021/22: € 101.9 million). The sales growth at both subgroups was driven by robust customer demand and price rises. Operating earnings adjusted to exclude non-operating earnings items (adjusted EBIT) fell by 12.3% to € 148.3 million (2021/22: € 169.1 million). Due to the increase in the shareholding held in HORNBACH Baumark

Gross profit rose by 4.1% to € 620.1 million in the first quarter of 2022/23 (2021/22: € 596.0 million). The gross margin eased from 35.5% to 34.2%. This reduction in the gross margin [Brief Glossary on Page 9] is chiefly attributable to higher procurement prices and transport expenses, which were not fully offset by adjusting retail prices.