EQS-News

HÖRMANN Industries with significant sales and earnings growth in the first half of 2023

EQS-News: Hörmann Industries GmbH / Key word(s): Half Year Report/Half Year Results HÖRMANN Industries with significant sales and earnings growth in the first half of 2023 31.08.2023 / 10:00 CET/CEST The issuer is solely responsible for the content of this announcement. HÖRMANN Industries with significant sales and earnings growth in the first half of 2023

• Sales up 24.8% to EUR 372.5 million (previous year: EUR 298.5 million), EBITDA improves to EUR 15.1 million (previous year: EUR 6.4 million), EBIT to EUR 9.2 million (previous year: EUR 0.5 million)
• Turnaround in the Automotive business division successful after six months 2023; Communication, Intralogistics and Engineering divisions also continue positive development
• Forecast for the full year 2023 confirmed

Kirchseeon, 31 August 2023 - HÖRMANN Industries GmbH (corporate bonds, WKN: A2TSCH and A351U9) today published its financial results for the first half of 2023. In the first six months, HÖRMANN Group generated sales of EUR 372.5 million, a significant increase of EUR 74.0 million compared to the same period of the previous year (EUR 298.5 million). In the period under review, the Group benefited from the noticeable recovery in the commercial vehicle industry and the passing on of inflation-related price increases. The first half of 2022 was impacted by the outbreak of war in Ukraine and the associated supply bottlenecks and production interruptions. As a result of the stabilized business situation, earnings before interest, taxes, depreciation and amortization (EBITDA) also improved significantly in the first half of 2023 compared with the same period of the previous year, from EUR 6.4 million to EUR 15.1 million, and earnings before interest and taxes (EBIT) from EUR 0.5 million to EUR 9.2 million.

Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH: “Despite the challenging economic environment and a sharp rise in material, personnel and energy costs, we have continued the positive development in the first half of 2023. For the remaining six months, we are cautiously optimistic and expect a positive result at about the previous year's level.”