PRESS RELEASE
from HORNBACH Holding AG & Co. KGaA (NASDAQ:HBBHF)
Original-Research: HORNBACH Holding AG & Co. KGaA (von Quirin Privatbank Kapitalmarktgeschäft): Buy
Original-Research: HORNBACH Holding AG & Co. KGaA - from Quirin Privatbank Kapitalmarktgeschäft
23.06.2026 / 16:58 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.
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: | 23.06.2026 |
| Target price: | 110.00 |
| Last rating change: | |
| Analyst: | Ralf Marinoni |
Successful start to FY 2026/27
HORNBACH was able to increase sales in Q1-26/27 and market share, too. Its Baustoff Union sub-group (building materials distribution) was the faster-growing segment, posting net sales growth of 6.8% to EUR 105m (from EUR 98m in Q1 2025/26). This segment has suffered from declining sales in recent years and is now showing signs of recovery due to increased building permits. Hence, we confirm our Buy recommendation and the EUR 110 TP.
You can download the research here: HORNBACH20260623
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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2352304 23.06.2026 CET/CEST