HÖRMANN Industries raises forecast for current 2018 financial year

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) is raising its sales and earnings forecast for the current 2018 financial year in response to its positive business development.

It is now anticipating sales growth to around EUR 590–600 million and an increase in EBIT to around EUR 19–20 million. The company had previously forecast sales in the region of EUR 560 million and operating EBIT of EUR 15 million.

Based on preliminary unaudited figures, HÖRMANN Industries GmbH recorded year-on-year sales growth of approximately 19.2% to around EUR 287.1 million in the first six months of 2018. EBIT improved by around 83.3%, from EUR 4.3 million to approximately EUR 7.9 million.

HÖRMANN Industries GmbH’s interim report on the first six months of 2018 will be published on 25 September 2018.