DGAP-News

​​​​​​​HÖRMANN Industries publishes financial results for the first nine months of 2021

DGAP-News: Hörmann Industries GmbH / Key word(s): Quarterly / Interim Statement/Quarter Results ​​​​​​​HÖRMANN Industries publishes financial results for the first nine months of 2021 26.11.2021 / 10:59 The issuer is solely responsible for the content of this announcement. HÖRMANN Industries publishes financial results for the first nine months of 2021

• Sales and earnings growth compared to the prior-year period due to strong demand in the Automotive and Communication business divisions
• Sales of EUR 430.0 million, EBITDA of EUR 31.2 million, EBIT of EUR 22.2 million
• Shortage of materials impacts Automotive and Services divisions in particular; forecast for full year 2021 slightly adjusted

Kirchseeon, 26 November 2021 - HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first nine months of 2021. In the period under review, the Group's sales increased year-on-year from EUR 366.8 million by EUR 63.2 million to EUR 430.0 million. The increase in sales disproportionately resulted from the Automotive and Communication divisions, whereas the Engineering and the Services divisions continued to feel the late-cycle effects of the COVID-19 pandemic and the associated delays in order placements.

Earnings before interest, taxes, depreciation and amortization (EBITDA) and earnings before interest and taxes (EBIT) of HÖRMANN Group improved significantly in the period under review to EUR 31.2 million (previous year: EUR 18.3 million) and EUR 22.2 million (previous year: EUR 8.3 million) respectively. HÖRMANN ended the first three quarters of 2021 with a consolidated net income of EUR 15.3 million (previous year: EUR 2.6 million).

Dr. Michael Radke, CEO of HÖRMANN Industries GmbH: "After a very positive first half of the year, we have been feeling the negative effects of the COVID-19 pandemic again since summer due to the price increases for raw materials and the production cutbacks at our customers, particularly in our Automotive division. For example, the semiconductor crisis led to massive production stops at some of our customers, which are still continuing. Thanks to our diversified positioning with four business divisions, we nevertheless expect to close the year as a whole with earnings at pre-crisis level."