HORNBACH Group reported that its second quarter net income before minority interests was 68.4 million euros compared to 80.8 million euros, a year ago. Adjusted EBIT was 110.5 million euros, down 7.2% from a year ago. The company said this was primarily driven by inflation-related salary adjustments and a slightly higher headcount due to upcoming store openings. Sales rose by 3.0% to 1.69 billion euros.
Half-year adjusted EBIT increased by 2.5% to EUR 272.2 million euros. Half-year net sales were up by 4.4% at 3.60 billion euros.
For the full year 2025/26, HORNBACH continues to expect sales at or slightly above the previous year's level, and adjusted EBIT at the level of the 2024/25 financial year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.