HORNBACH HOLD.ST O.N.

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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

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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:

https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&u=7a3ed42be1150912a8c317fa259723cf

For additional information visit our website:

https://research.quirinprivatbank.de/

Contact for questions:

Quirin Privatbank AG

Institutionelles Research

Schillerstraße 20

60313 Frankfurt am Main

research@quirinprivatbank.de

https://research.quirinprivatbank.de/

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2408170 30.09.2026 CET/CEST

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