Hornbach Holding Ag & Co. Kgaa · XETR:HBH
Hornbach Holding Ag & Co. Kgaa — Hornbach Hldg — FY 2024/25 Earnings Presentation
25 slides from Hornbach Holding Ag & Co. Kgaa's earnings presentation, May 21, 2025
Slide 1: Analyst & Investor Conference 2025
Analyst & Investor Conference 2025 HORNBACH Holding AG & Co. KGaA May 21, 2025 Page 1 Investor & Analyst Conference | May 2025 ©HORNBACH Group 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared by HORNBACH Holding AG & Co. KGaA (the “Company”, and together with its consolidated subsidiaries, the “HORNBACH Group”) solely for informational purposes. This disclaimer shall apply in all respects to the entire presentation, including any oral presentati
Slide 3: Analyst & Investor Conference 2025 - Albrecht Hornbach
Analyst & Investor Conference 2025 HORNBACH Holding AG & Co. KGaA Albrecht Hornbach CEO HORNBACH Management AG May 21, 2025 Page 3 Investor & Analyst Conference | May 2025 ©HORNBACH Group 2025
Slide 4: HORNBACH Holding net sales increased – driven especially by HORNBACH Baumarkt
HORNBACH Group: Consolidated net sales in € million HORNBACH Holding net sales increased – driven especially by HORNBACH Baumarkt FY 2024/25 net sales Q4 2024/25 net sales Baumarkt subgroup: +1.2% Baumarkt subgroup: +1.4% Geographical sales split of HORNBACH Baumarkt AG Baustoff Union subgroup: -6.2
Slide 5: Gross margin further improved compared to previous years
HORNBACH Group: Cost structure and gross profit in € million and in % of net sales Gross margin further improved compared to previous years +3.6% ▪ Gross margin improvement driven by lower raw material prices, the +2.9% introduction of new products, and a 1,880 1,934 more favorable product mix 298 (
Slide 6: Adjusted EBIT increased by 6.0%
HORNBACH Group: Adjusted EBIT1) in € million and adjusted EBIT margin in % Adjusted EBIT increased by 6.0% ▪ Group adjusted EBIT increased due to Adjusted EBIT and adjusted EBIT margin: improved gross profit (+3.6%), despite 4.1% 4.4% Adj. EBIT in 2024/25: similar investments in staff and technology
Slide 7: Positive development despite challenging environment
HORNBACH Group: Financial achievements in FY 2024/25 Positive development despite challenging environment Outlook FY 2024/25 Results FY 2024/25 Net Sales1) At the level of 2023/24 +0.6% to € 6,200m (€ 6,161m) Adjusted EBIT2) At or slightly above the level of +6.0% to € 269.5m 2023/24 (€ 254.2m) Inve
Slide 8: Market-leading sales density and above-average growth
HORNBACH Baumarkt: Leading sales floor efficiency Market-leading sales density and above-average growth Sales per sqm (€) of HORNBACH and German competitors1) Like-for-like growth rate of the German DIY sector / German GDP vs HORNBACH (calendar year)3)4) Average stores size Sales per sqm Sales per s
Slide 9: Positive market share development in Germany and other European markets
HORNBACH Baumarkt: Market share calendar year: Jan – Dec 2024 in % Positive market share development in Germany and other European markets Market share 2024 in key countries ▪ HORNBACH has a clear focus on growing its Market share of HORNBACH Baumarkt January – December 2024 in % (GfK) market share
Slide 10: E-commerce sales share stabilizing – Growth of Click & Collect
HORNBACH Baumarkt: Net sales in € million from online channels E-commerce sales share stabilizing – Growth of Click & Collect E-Commerce share of net sales: ▪ E-commerce share of HORNBACH Baumarkt sales (incl. Click & Collect) of 12.3% in 9.6% 12.7% 12.3% FY 2024/25, comparable to 9M figure ▪ Slight
Slide 11: Strong employee commitment
Challenging circumstances Strong employee commitment Page 11 Investor & Analyst Conference | May 2025 ©HORNBACH Group 2025
Slide 12: CFO position will be filled from August 2025
Management Board of HORNBACH Management AG CFO position will be filled from August 2025 Albrecht Hornbach Erich Harsch Dr. Joanna Kowalska CEO Board member DIY stores CFO • Chairman of the Management Board (CEO) of • Chairman of the Management Board (CEO) of • From August 15, 2025, Chief Financial O
Slide 13: Strong balance sheet structure
HORNBACH Group: Balance sheet in € million Strong balance sheet structure Assets Equity & Liabilities ▪ Slightly increased inventories reflect seasonality (preparation for 4,477 4,614 4,477 4,614 spring season) and new stores 317 Liquid funds ▪ Net financial debt slightly above 370 Current Inventori
Slide 14: Strong cash flow from operating activities reflects good business momentum
HORNBACH Group: Cash flow in € million Strong cash flow from operating activities reflects good business momentum FY 2024/25 FY 2023/24 Cash flow from operating activities 318.4 454.9 ▪ Cash flow from operating activities decreased by outflow from working capital mainly of which: funds from operatio
Slide 15: Stable dividend proposed for financial year 2024/25
HORNBACH Group: Dividend per share in € and EPS in € 17 7 Stable dividend proposed for financial year 2024/25 15 6 12.48 Dividend policy 13 EPS Dividend 5 ▪ Sustainable pay-outs: 11 10.33 Continuous dividend payments 9.83 8.80 since IPO 1987 4 9 7.83 ▪ Stable dividend: Pay-out at least 6.56 7 3 at p
Slide 16: FY 2025/26 guidance reflecting continued external challenges
HORNBACH Group: Guidance and store openings FY 2025/26 guidance reflecting continued external challenges HORNBACH Baumarkt: Store openings in 2025/26 Net sales 2025/26 At or slightly above the level of 2024/25 Net sales 2024/25 € 6,200m Adjusted EBIT 2025/26 At the level of 2024/25 Format Format Dui
Slide 17: Analyst & Investor Conference 2025 - Erich Harsch
Analyst & Investor Conference 2025 HORNBACH Holding AG & Co. KGaA Erich Harsch CEO HORNBACH Baumarkt AG & Board Member HORNBACH Management AG May 21, 2025 Page 17 Investor & Analyst Conference | May 2025 ©HORNBACH Group 2025
Slide 18: HORNBACH maintains high customer relevance
HORNBACH Baumarkt: Customer footfall and average ticket HORNBACH maintains high customer relevance Footfall FY 2024/25: +1.2% Driven by strong spring season Ø Average ticket FY 2024/25: +0.1% Customer focus remained on smaller projects Page 18 Investor & Analyst Conference | May 2025 ©HORNBACH Group
Slide 19: Positive sales development despite challenging circumstances
HORNBACH Baumarkt: Net and like-for-like sales growth Positive sales development despite challenging circumstances HORNBACH Baumarkt AG net sales Like-for-like sales growth1) Per quarter and for the financial year in % Germany Other Europe +1,2% 5,780 5,847 Total Germany Other Europe Q1 2024/25 2.5
Slide 20: Two new stores recently opened and three more planned for FY 2025/26
HORNBACH Baumarkt: Store openings and expansion plans Two new stores recently opened and three more planned for FY 2025/26 HORNBACH Nuremberg HORNBACH Duisburg-Wanheimerort Planned openings Digital render of the DIY store in Eisenstadt ▪ Opening on February 26, 2025 ▪ Opening on March 26, 2025 ▪ Eis
Slide 21: Adjusted EBIT increased by 10%
HORNBACH Baumarkt: Adjusted EBIT1) in € million and adjusted EBIT margin in % Adjusted EBIT increased by 10% ▪ Higher gross profit due to lower raw material prices and Adjusted EBIT and adjusted EBIT margin: positive effects from product range modifications 3.7% 4.0% ▪ Higher salaries for employees
Slide 22: Meaningful expansion of the product portfolio via marketplace offering
HORNBACH Baumarkt AG: Web shop and marketplace Meaningful expansion of the product portfolio via marketplace offering Online shop More than 320 million visits per year HORNBACH App More than 4.1 million customer accounts Marketplace More than 143,000 additional items Page 22 Investor & Analyst Confe
Slide 23: Professional customer service and barrier-free serial bathroom conversions by Seniovo
HORNBACH Baumarkt: Satisfying solutions for all customer groups Professional customer service and barrier-free serial bathroom conversions by Seniovo Page 23 Investor & Analyst Conference | May 2025 ©HORNBACH Group 2025
Slide 24: Upcoming events & IR contact
Upcoming events & IR contact Financial Calendar June 6, 2025 Warburg Highlights, Hamburg Investor Relations Contact June 12, 2025 ODDO BHF Nextcap Forum (virtual) Antje Kelbert (+49) 0 63 48 / 60-2444 June 24, 2025 Quarterly Statement Q1 2025/26 as of May 31, 2025 antje.kelbert@hornbach.com July 11,
Slide 25: Page 25 Investor & Analyst Conference | May 2025 ©HORNBACH Group 2025
Page 25 Investor & Analyst Conference | May 2025 ©HORNBACH Group 2025