Europe: Hornbach Maintains Strong Growth In Second Quarter Of 2020/21 & Opens Its Seventh Branch In Romania.

The Hornbach Group benefited once again in the summer months from consumers spending more time in their own four walls, a trend that has been intensified by the coronavirus pandemic.

At Hornbach Baumarkt AG, which operated a total of 160 DIY megastores with garden centers and online shops in nine European countries as of August 31, 2020, like-for-like sales net of currency items grew by 20.6 % to Euro 2,949.0 million in the first half (2019/20: Euro 2,444.7 million). On a like-for-like basis and net of currency items, the DIY stores with garden centers generated sales growth of 19.4 % in the first six months.

Further to this, the seventh branch of Hornbach in Romania will open its doors in Oradea on September 30, 2020.

“Despite temporarily closed markets in several European countries, we have been able to record positive business development in the course of the corona pandemic. With above-average sales growth, the six Romanian stores, which were allowed to remain open all the time, played a significant role in this,” said Hornbach Baumarkt CEO Erich Harsch.

In the coming years Hornbach is planning further openings in Romania, including stores in the Black Sea metropolis of Constanța and in the country’s second largest city, Cluj-Napoca.