Annual General Meeting approves dividend of EUR 2.40 – solid performance in past financial year

HORNBACH Holding AG & Co. KGaA: Annual General Meeting approves dividend of EUR 2.40 – solid performance in past financial year

• Dividend of EUR 2.40 approved for 2024/25 financial year – distribution quota of 27.3%
• Continuity of dividend: Hornbach has now paid a dividend without interruption or reduction for 38 years
• Majority approval for all proposals submitted by administration
• CEO Albrecht Hornbach provides a positive assessment and sees the company as well positioned for the future

Bornheim (Palatinate), Germany, July 11, 2025.

Shareholders at today’s Annual General Meeting of HORNBACH Holding AG & Co. KGaA (ISIN: DE0006083405) voted with a large majority to approve the distribution of a dividend of EUR 2.40 per share (2023/24: EUR 2.40). This corresponds to a distribution quota of 27.3% and a dividend yield of 3.0% based on the XETRA closing price on February 28, 2025. HORNBACH is thus building on continuity: Since its IPO in 1987, HORNBACH Holding has so far distributed a dividend at least at the previous year’s level to its shareholders each year.

Other proposals submitted by the Board of Management and Supervisory Board also received majority approval at the Annual General Meeting. Among others, these included the authorization to hold virtual annual general meetings and the creation of new Authorized Capital 2025, which safeguards the company’s financing flexibility. This way, HORNBACH can seize opportunities arising on the market at short notice and align the company for the future.

Albrecht Hornbach, Chief Executive Officer of HORNBACH Management AG, provided a positive assessment of the company’s performance in the 2024/25 financial year: “Despite the weak consumer climate, we achieved very pleasing earnings growth in the 2024/25 financial year. The first quarter of 2025/26 also ran very successfully. Our overall performance and the consistent growth in our market shares confirm that we are on the right track with our permanent low price strategy, our innovative and attractive product range, and our high service standards.”

The HORNBACH Group generated consolidated net sales of EUR 6.2 billion in the 2024/25 financial year (+0.6%) and increased its adjusted EBIT by 6.0% to EUR 270 million. Thanks to favorable weather conditions and higher customer footfall, sales grew by 5.7% to EUR 1,909.2 million in the first quarter of 2025/26, while adjusted EBIT showed a year-on-year improvement of 10.4% to EUR 162 million.

A total of 76,5% of HORNBACH Holding’s share capital was represented at the Annual General Meeting. The voting results for individual agenda items at the Annual General Meeting and a recording of the presentation given by Albrecht Hornbach are published on HORNBACH Holding’s website at: https://www.hornbach-holding.de/en/investor-relations/annual-general-meeting.
 

About HORNBACH Group

The HORNBACH Group is an independent, family-run retail group managed by HORNBACH Holding AG & Co. KGaA, which is listed on the Frankfurt Stock Exchange and included in the SDAX. Its largest subsidiary, HORNBACH Baumarkt AG, operates 173 DIY megastores with garden centers (including specialist stores) and online shops in nine European countries. The HORNBACH Group also includes HORNBACH Baustoff Union, a regional builders’ merchant company with 39 locations in southwestern Germany and France, and HORNBACH Immobilien AG, which develops retail real estate for the Group. In the 2024/25 financial year (balance sheet date: February 28, 2025), the HORNBACH Group generated net sales of EUR 6.2 billion, making it one of the top five retailers for DIY and garden products in Europe. The Group has around 25,000 employees.
 

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