Number of employees 14,663 (2015) Founder Michael Hornbach Parent organization HORNBACH Holding | Website www.hornbach.com Founded 1877, Landau, Germany | |
 | ||
Industry Retail (Home Improvement) Key people Albrecht Hornbach
Steffen Hornbach Products Home improvement products such as home appliances, tools, household hardware, and garden supplies & plants. Stock price HBM (ETR) € 29.95 +0.08 (+0.27%)14 Mar, 5:36 PM GMT+1 - Disclaimer Headquarters Neustadt an der Weinstraße, Germany CEO Steffen Hornbach (1 Nov 2001–) Profiles | ||
Hornbach is a German DIY-store chain offering home improvement and do-it-yourself goods. Until March 2014, it was 21% owned by Kingfisher plc, a UK company, who also own the B&Q and Castorama DIY chains. Kingfisher sold off the interests as it was planning expansion in new markets that would be in direct competition with Hornbach. Kingfisher has since launched its Screwfix stores in Germany and Brico Dépôt stores in Romania, where Hornbach operates.
In the full fiscal-year 2007/2008 the net profit slumped 24% to 48 Mio. € after the company spent more on advertising and new stores.
History
In the 1960s, the Wilhelm Hornbach OHG was in a bad state, so his grandson Otmar Hornbach launched the idea of a do-it-yourself home improvement store after a visit to the United States. The business was filed on the stock exchange in 1987 and has expanded to a chain of 144 stores.
Otmar Hornbach died on 2 August 2014.