EQS-News

HÖRMANN Industries remains on track in the first nine months of 2023 - Seite 2

Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH: “Thanks to the great commitment of our employees once again, we have performed well in the first nine months. Nevertheless, we are also noticing the effects and uncertainties caused by the challenging economic environment, for example reflected in our customers' reluctance to place orders in the current quarter. In this context, the risks have increased in light of the latest reports and announcements from our main customers in the automotive sector. However, we consider our company's situation to be very stable thanks to its broad positioning across four divisions.”

All four divisions contribute to the improvement in earnings

In the Automotive division, sales increased by 25.1% year-on-year from EUR 288.2 million to EUR 360.5 million, in particular due to the aforementioned production interruptions by major OEM customers lasting several weeks in the same period of the previous year. In addition, the positive forecasts of key customers in truck production in the first three quarters of 2023 have materialized. With this high increase in sales, the turnaround was achieved and EBIT of EUR 0.2 million was generated (previous year: EUR -6.7 million).

The Communication division achieved the planned figures in the reporting period and recorded sales of EUR 120.0 million after nine months (previous year: EUR 116.8 million). Following the expiry of the special economic stimulus programs of public-sector clients, earnings returned to normal at EUR 15.2 million (previous year: EUR 17.0 million).

The Intralogistics division, which was heavily impacted by delivery bottlenecks and market uncertainties in the previous year, recorded an increase in sales to EUR 68.6 million in the first nine months of 2023 (previous year: EUR 50.0 million). In the new division, which was founded in May 2022, the focus remains on organizational development and the execution of multi-year project orders. Thanks to the increase in sales, the division improved its earnings to EUR 1.0 million in the reporting period (previous year: EUR -4.9 million).