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HÖRMANN Industries publishes financial results for the first quarter of 2022

DGAP-News: Hörmann Industries GmbH / Key word(s): Quarterly / Interim Statement/Quarter Results HÖRMANN Industries publishes financial results for the first quarter of 2022 27.05.2022 / 10:00 The issuer is solely responsible for the content of this announcement. HÖRMANN Industries publishes financial results for the first quarter of 2022 Decline in sales and earnings compared to previous year mainly due to reduced production volume in the Automotive division Sales of EUR 127.0 million, EBITDA of EUR 1.2 million, EBIT of EUR -1.5 million Forecast for the full year 2022 confirmed Kirchseeon, 27 May 2022 - HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first three months of 2022. In the reporting period, the Group's sales decreased year-on-year from EUR 138.2 million to EUR 127.0 million. The decline in sales mainly resulted from the Automotive division, which was impacted in the first quarter of 2022 by the effects of the war in Ukraine as well as the COVID-19 pandemic and related supply shortages of electronic components. As a result of a lack of cable harnesses from Ukraine, the plants in Gustavsburg and Banovce, Slovakia, which focus on truck components, had to sharply reduce their production as customers of the HÖRMANN Group had to cease production. Overall, sales in the Automotive division fell by EUR 8.6 million compared with the same period of the previous year, from EUR 88.6 million to EUR 80.0 million. In contrast, the Communicatio division got off to a good start in the new 2022 financial year after a very good year in 2021 and achieved sales of EUR 35.0 million (previous year: EUR 34.1 million). Reorganisation in the Engineering and Services divisions There were some changes in the Engineering and Services divisions as a result of the new formation of the Intralogistics division - see also the Corporate News of 24 May 2022. All companies of the former Services division as well as the subsidiaries HÖRMANN Logistik GmbH, Klatt Fördertechnik GmbH, HÖRMANN Logistik Polska Sp. z o.o. and HÖRMANN Logistik Systeme GmbH from the Engineering division were integrated into the new division. With sales of EUR 5.1 million, excluding the aforementioned subsidiaries, the Engineering division is slightly below the first quarter of financial year 2021 (previous year: EUR 5.8 million). The new Intralogistics division generated sales of EUR 6.9 million in the first quarter of 2022 (previous year: EUR 10.1 million, as-if). The new division focused on restructuring and the associated reorganisation in the first quarter of 2022. Operationally, the focus is on processing the multi-year project orders. The division currently has orders on hand of more than EUR 100 million, while supply bottlenecks, rises in material prices and delays in construction are making it more difficult to implement the projects. In the medium term, HÖRMANN aims to leverage the sharp rise in market demand for sophisticated system solutions for intralogistics, automation solutions for production, warehousing and distribution logistics, as well as for services, and thus drive dynamic and profitable growth in the non-automotive areas.