HORNBACH Holding AG & Co. KGaA confirmed earnings guidance for fiscal 2022-2023. The company confirmed its full-year 2022/23 sales outlook expecting a slight increase from the 2021/22 financial year (EUR 5,875.0 million).

However, the earnings outlook has been revised, now reflecting increased macroeconomic risks as well as more pronounced and persistent challenges with regard to inflation, supply chain, and product pricing in the second quarter. The full-year adjusted EBIT level is expected to decline around a low double-digit percentage range, below the record number of EUR 362.6 million in fiscal year 2021/22.