DGAP-News

HÖRMANN Industries publishes financial results for the first quarter of 2022 - Seite 2

Earnings before interest, taxes, depreciation and amortization (EBITDA) of the HÖRMANN Group decreased to EUR 1.2 million in the reporting period (previous year: EUR 8.4 million), while operating earnings before interest and taxes (EBIT) amounted to EUR -1.5 million (previous year: EUR 5.5 million). The first quarter of 2022 closed with a consolidated net loss of EUR 3.9 million (previous year: consolidated net profit of EUR 3.5 million).

Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH: "In particular, our subsidiaries dependent on the automotive and commercial vehicle industries were severely impacted by the geopolitical developments and unstable supply chains of our customers in the first quarter. With the establishment of the new Intralogistics division and the integration of our former Services division, we have taken countermeasures and - together with a stabilization of production by commercial vehicle manufacturers - expect to meet our forecast for the full year."

Forecast for the full year 2022 confirmed

At Group level, HÖRMANN Industries GmbH expects sales of EUR 585 to EUR 610 million (2021: EUR 589.8 million) for the current full year 2022 after assessing the current order situation and business development. Positive earnings before interest and taxes (operating EBIT) of between EUR 22 million and EUR 25 million (2021: EUR 30.0 million) are targeted for the operating business. The prerequisite is that production in the automotive sector, which restarted in May 2022, stabilizes by the middle of the year and that the overall economic situation does not deteriorate further in the course of 2022.

The consolidated interim report for the period from January 1 to March 31, 2022 is available at https://www.hoermann-gruppe.com/en/investor-relations/financial-report ....

Contact:
HÖRMANN Industries GmbH
Hauptstraße 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 32 subsidiaries operating in the Automotive, Communication, Engineering and Intralogistics 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 2,800 highly qualified employees across a wide range of technology areas.