The Corona boom may have faded, but business at Hornbach Holding is still excellent. Following a strong third quarter, the DIY chain is even more optimistic for the year as a whole and surprises the stock market with new targets. The share price is soaring.

The holding company's adjusted earnings before interest and taxes (EBIT) are now expected to reach between Euro 330 million and Euro 380 million in the current financial year. Most recently, Hornbach had also targeted the upper third with a range of Euro 290 million to Euro 326 million.

In the best case scenario, Hornbach is thus confident of achieving earnings growth of more than 16 percent this year.

For Hornbach, this is not the first increase in its forecast this year. The company had already raised its targets following a good first quarter in June and then narrowed these to the upper third in terms of sales and adjusted earnings at the end of September.