DGAP-News

​​​​​​​HÖRMANN Industries publishes financial results for the first nine months of 2021 - Seite 3

Forecast for the full year slightly adjusted

At Group level, based on an assessment of the current order situation of the individual divisions, HÖRMANN Industries GmbH expects slightly lower total sales for the full year 2021 in a range between EUR 565 million and EUR 590 million compared to the previous forecast (previously: EUR 600 million to EUR 620 million; 2020: EUR 521.5 million). This is due to the aforementioned pandemic-related material shortage, which has resulted in temporarily reduced production in the Automotive division. Taking into account the slightly lower sales forecast and the material price increases described above, positive earnings before interest and taxes (EBIT) are expected in a range of EUR 25 million to EUR 27 million (previously: EUR 26 million to EUR 28 million; 2020: EUR 12.6 million).

The consolidated interim report for the period from 1 January to 30 September 2021 is available at https://www.hoermann-gruppe.com/en/investor-relations/financial-report ....
 

Contact:
HÖRMANN Holding GmbH & Co. KG
Hauptstr. 45-47
D-85614 Kirchseeon
T [phone]
F [phone]
[e-mail]

Financial and business press:
IR.on AG
Frederic Hilke
T [phone]
[e-mail]

About the HÖRMANN Group
The HÖRMANN Group has grown steadily since its formation in 1955. HÖRMANN Holding GmbH & Co. KG is the parent company of 31 subsidiaries operating in the Automotive, Communication, Engineering and Services segments with a high degree of entrepreneurial initiative and independence. The HÖRMANN Group aims to offer its customers specific solutions and services that provide clear benefits and economic advantages. To achieve this, the HÖRMANN Group harnesses all of the broadly diversified and connected knowledge of its workforce of around 2,700 highly qualified employees across a wide range of technology areas.