EQS-News

HÖRMANN Industries remains on track in the first nine months of 2023

EQS-News: Hörmann Industries GmbH / Key word(s): Quarterly / Interim Statement HÖRMANN Industries remains on track in the first nine months of 2023 30.11.2023 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. HÖRMANN Industries remains on track in the first nine months of 2023

• Sales increase by 20.8% to EUR 568.6 million (previous year: EUR 470.7 million), EBITDA improves to EUR 22.7 million (previous year: EUR 12.5 million), EBIT to EUR 13.8 million (previous year: EUR 3.8 million)
• Recovery in the Automotive and Engineering divisions characterizes earnings development in the reporting period, Communication division 2023 again with “normalized” earnings after the end of the special economic stimulus programs
• Forecast for operating result confirmed at previous year’s level

Kirchseeon, 30 November 2023 - HÖRMANN Industries GmbH (corporate bond, ISIN NO0012938325) today published its financial results for the first nine months of 2023. In the first three quarters, the HÖRMANN Group generated sales of EUR 568.6 million, a significant increase of EUR 97.9 million compared to the same period of the previous year (EUR 470.7 million). While the reporting period was characterized by the recovery of the commercial vehicle industry and inflation-related price increases, the same period in the previous year was impacted by the effects of the war in Ukraine and the aftermath of the COVID-19 pandemic as well as the associated supply bottlenecks and production interruptions. As a result of the stabilized business situation, earnings before interest, taxes, depreciation and amortization (EBITDA) in the first nine months of 2023 also improved significantly year-on-year from EUR 12.5 million to EUR 22.7 million and earnings before interest and taxes (EBIT) from EUR 3.8 million to EUR 13.8 million.