2021

HÖRMANN Industries publishes financial results for the first nine months of 2021

HÖRMANN Industries publishes financial results for the first nine months of 2021

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first nine months of 2021. In the period under review, the Group's sales increased year-on-year from EUR 366.8 million by EUR 63.2 million to EUR 430.0 million. The increase in sales disproportionately resulted from the Automotive and Communication divisions, whereas the Engineering and the Services divisions continued to feel the late-cycle effects of the COVID-19 pandemic and the associated delays in order placements.

HÖRMANN’s mittendrin magazine focusing on shaping the future

HÖRMANN’s mittendrin magazine focusing on shaping the future

In this issue of mittendrin, the cover story is ‘Shaping the future’, and we provide some insight into the process of strategic development and the strategy of the HÖRMANN Group. We also explain the main strategic thrusts aimed at boosting our competitiveness, as well as the objectives that we are intending to achieve by 2025.

HÖRMANN Logistik in Munich stepping up its activities in Poland

HÖRMANN Logistik in Munich stepping up its activities in Poland

‘With the establishment of HÖRMANN Logistik Polska Sp. z o.o., we are launching our AutoStore® activities in Eastern Europe,’ said Oliver Vujcic, managing director of HÖRMANN Logistik.

HÖRMANN BauPlan leading project for global market leader Würth

HÖRMANN BauPlan leading project for global market leader Würth

To expand its branch network in the Berlin-Brandenburg region, Adolf Würth GmbH & Co. KG is relocating its sales office to the Funkerberg Nordwest business park in Königs Wusterhausen.

HÖRMANN Group finding fresh ways to attract new employees

HÖRMANN Group finding fresh ways to attract new employees

HÖRMANN Group has decided to run a pilot project to trial fresh ways of attracting new employees and to offer a trainee programme to help staff get started. 

HÖRMANN Kommunikation & Netze optimising train radio

HÖRMANN Kommunikation & Netze optimising train radio

Owing to a shortage of frequencies, DB Netz AG was unable to use GSM-R communications for shunting in the region serving Frankfurt am Main’s central station, including the ICE depot at Frankfurt-Griesheim station.

HÖRMANN Warnsysteme using sirens to maintain dam safety

HÖRMANN Warnsysteme using sirens to maintain dam safety

Romanian energy company Hidroelectrica SA has chosen HÖRMANN Warnsysteme sirens to keep its dams safe. 

Hörmann Digital Hackathon

HÖRMANN Digital holds hackathon and produces plenty of new findings

It was three days of thrills, putting stamina to the test. This meant working in teams to think, brainstorm, conduct research and wrestle with tough problems until late into the night.

HÖRMANN Automotive takes on responsibility for development of complex assembly

HÖRMANN Automotive takes on responsibility for development of complex assembly

HÖRMANN Automotive in Gustavsburg has received a major bulk order from MAN for the production and development of the front underride guard, a crucial safety component on commercial vehicles.

HÖRMANN Group in attendance at groundbreaking ceremony for Funkwerk building extension

HÖRMANN Group in attendance at groundbreaking ceremony for Funkwerk building extension

Years of steady growth and a consistently high level of orders mean that Funkwerk Systems GmbH is starting to run out of space at its headquarters in Kölleda.

HÖRMANN Industries publishes financial results for the first half of 2021

HÖRMANN Industries publishes financial results for the first half of 2021

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first six months of 2021. In the reporting period, the Group's sales increased by EUR 62.1 million year-on-year from EUR 234.2 million to EUR 296.3 million, of which around EUR 15 million was attributable to material price effects not affecting earnings. 

Hörmann mittendrin Innovation

HÖRMANN’s mittendrin magazine with focus on new ideas and new methods

The theme for this issue of HÖRMANN’s mittendrin magazine is ‘We’re shaping innovation’, and we report on the wide variety of activities that the Group is undertaking in the research and development of innovative new products, technologies and services.

HÖRMANN Industries publishes financial results for the first quarter of 2021

HÖRMANN Industries publishes financial results for the first quarter of 2021

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first three months of 2021. In the reporting period, the Group's sales increased year-on-year from EUR 130.7 million to EUR 138.2 million. The increase in sales resulted disproportionately from the Automotive and Communication divisions.

HÖRMANN Automotive offers high-performance handling of large vehicle body parts

HÖRMANN Automotive offers high-performance handling of large vehicle body parts

Automating and increasing the performance of fine sheet press line 2 is a key focus for the HÖRMANN Automotive press shop in Gustavsburg. The production of large pressed fine sheets for structural parts and outer skins has been a core area of expertise for the company for many years. ‘We have invested in new technology to meet the challenges presented by our most recent new orders, such as side panels for light-duty commercial vehicles and driver cabs,’ said Andreas Müller, managing director of HÖRMANN Automotive in Gustavsburg.

Klatt Fördertechnik commissions two new parcel sorting centres

Klatt Fördertechnik commissions two new parcel sorting centres

French postal service company La Poste contracted the Beumer Group to deliver, install and commission two parcel sorting centres near Paris. Beumer engaged Austria-based Klatt Fördertechnik GmbH to supply a complete belt conveyor system for each of these sorting centres. ‘The Beumer Group has been one of our best customers for years, and we have been growing together,’ said Peter Klatt, managing director of Klatt Fördertechnik. He added, ‘The main reasons the Beumer Group has so much faith in us are the reliability of both our conveyor systems and our project management as well as the efficient use of energy, limited servicing requirements and sheer longevity of our equipment, coupled with low life cycle costs.’

HÖRMANN Logistik commissions AutoStore® small-parts warehouse for Richter+Frenzel

HÖRMANN Logistik commissions AutoStore® small-parts warehouse for Richter+Frenzel

Richter+Frenzel (R+F), a specialist wholesaler of plumbing and heating supplies, was setting up a logistics hub in Reichertshofen, a town near Ingolstadt, to be used to supply its branches and trade customers all over the country. A key aspect of this new-build project was a fully automated system for storing and gathering small parts. The team from HÖRMANN Logistik GmbH won R+F over with their intralogistics method. ‘Our concept for implementing the system centres on an AutoStore® small-parts warehouse. A conveyor system connected to it with integrated case erectors and sealers links the picking area to palletising and despatch,’ said Oliver Vujcic, managing director of HÖRMANN Logistik.

New video management system from Funkwerk video systeme improving safety and security at underground railway stations

New video management system from Funkwerk video systeme improving safety and security at underground railway stations

Funkwerk video systeme GmbH is overseeing an upgrade to video surveillance on the underground railway networks in Nuremberg and Fürth on behalf of Verkehrs-Aktiengesellschaft Nürnberg (VAG), the public transport operator for the company’s home city of Nuremberg. VAG and Funkwerk have been working together for many years, with Funkwerk having installed the first video systems for VAG in the 1980s. Trust, experience and expertise as a professional problem-solver and systems provider, a rapid 24/7 on-call service provided locally thanks to the company’s Nuremberg base as well as the level of protection provided for the investment made by VAG were all decisive criteria in the latter choosing Funkwerk for the project.

HÖRMANN Vehicle Engineering developing new trams for the city of Würzburg

HÖRMANN Vehicle Engineering developing new trams for the city of Würzburg

Würzburg’s tram operator has commissioned HeiterBlick GmbH to manufacture and deliver 18 new vehicles. These vehicles are five-section modular low-floor trams. They have been designed to suit the idiosyncrasies of a sophisticated infrastructure with steep sections of track and a gauge of 1,000 millimetres. The first vehicles in this series are due to start carrying passengers around Würzburg in 2022. HeiterBlick’s engineering partner is HÖRMANN Vehicle Engineering GmbH. 

HÖRMANN Kommunikation & Netze upgrading advertising facilities at underground railway stations

HÖRMANN Kommunikation & Netze upgrading advertising facilities at underground railway stations

Ströer SE & Co. KGaA, a leading German company that operates internationally and works on marketing for online and out-of-home advertising, is handling this project. The company manages around 300,000 units of advertising space. Ströer commissioned HÖRMANN Kommunikation & Netze GmbH to carry out the extensive electrical and metal construction work involved in upgrading advertising facilities at numerous underground railway stations in Munich and Hamburg.

HÖRMANN Rawema using 3D technology for more efficient factory planning

HÖRMANN Rawema using 3D technology for more efficient factory planning

For more than twenty years now, factory planners at HÖRMANN Rawema have been supporting Bharat Forge, the leading supplier of forged chassis and engine components, in its work relating to forming technology in forging in particular. How are the forging facilities set up? How much work is involved in building services engineering? Which automated process solutions are available? What are the requirements that the measuring equipment needs to meet? Finding answers to these questions is an ongoing process. ‘Above all, Bharat Forge relies on the expertise that stems from our wealth of experience, and we work together on efficient solutions to problems in areas ranging from system designs to product implementation,’ said Benjamin Bielefeld, innovation manager at HÖRMANN Rawema.

Funkwerk Systems installs nationwide passenger information system for Norway

Funkwerk Systems installs nationwide passenger information system for Norway

In Norway, the name KARI is synonymous with the new era of passenger information. The system from Funkwerk Systems GmbH ensures that passengers nationwide, from Oslo to Bergen, are supplied with real-time visual and audio information about rail services. ‘The passenger information covers more than 300 stations,’ said Christian Ringler, managing director of Funkwerk Systems. Bane NOR, Norway’s national railway agency, had some specific targets in mind. They wanted to improve passenger satisfaction, but they also wanted to have fully automated control over information output while simultaneously cutting down on manual processes.

MAT Maschinentechnik provides machinery relocation services from a single supplier

MAT Maschinentechnik provides machinery relocation services from a single supplier

In 2020, MAT Maschinentechnik relocated a system to a different factory to improve logistical processes for an OEM in the steel industry. ‘The customer chose to call upon our dependable expertise, having already commissioned us for a number of previous projects,’ said Gerhard Jacobi, managing director of MAT Maschinentechnik.

HÖRMANN Automotive helping to reshape agriculture amidst changes in technology

HÖRMANN Automotive helping to reshape agriculture amidst changes in technology

The scale of the changes to agriculture over the last hundred years is impressive. At the turn of the 20th century, when Germany was still largely an agrarian society, around 38% of the labour force worked in farming and forestry, and one farmer could feed around four people. Today, that first figure is just 1.8%, and one farmer feeds 135 people on average. ‘This enormous advance in productivity could not have been possible without the use of ever more efficient machinery, and that still applies today,’ said Uwe Jung, managing director of HÖRMANN Automotive in Saarbrücken and St. Wendel. One pivotal factor in production is the forage harvester. First developed in the 1940s, it is one of the most recent items of high-performance agricultural machinery.

HÖRMANN Digital implements new BugJack ticketing tool

HÖRMANN Digital implements new BugJack ticketing tool

Early in 2020, HÖRMANN Digital assembled its first development team, which realised its first project later that same year. This was BugJack, an innovative ticketing tool that has arisen out of a collaboration with HÖRMANN Logistik. The tool is designed to help handle bug reports at customers’ logistics centres. Previously, when a bug report came in, customers would call the service provider. Only then would the error be fixed, usually requiring a site visit by an employee from the service provider. BugJack offers the option to use intuitive and digital methods to report bugs quickly and easily, provide clear tracking of the bug-fixing process and produce documentation that can then be used to help deal with future errors. BugJack is also the basis for further digitalisation of the service process and the integration of additional functions such as condition monitoring and predictive maintenance.

: HÖRMANN Warnsysteme develops new siren control system for digital radio communications

: HÖRMANN Warnsysteme develops new siren control system for digital radio communications

The latest generation of the TSE902 remote control unit from HÖRMANN Warnsysteme GmbH is the product of ten years of expertise in the TETRA digital radio standard. TETRA stands for Terrestrial Trunked Radio and allows emergency services such as the police, fire service and ambulance service to communicate with each other securely and reliably. During development, the team from HÖRMANN Warnsysteme worked closely with the committees of Germany’s Federal Agency for Public Safety Digital Radio (BDBOS) and Bundesverband Professioneller Mobilfunk e.V., an association for suppliers and users of mobile radio communication equipment. The current requirements and recommendations of the two institutions have been implemented in the new remote control unit. The equipment can also be integrated in future elements of the federal government’s modular alert system.

First battery-powered train in Europe fitted with Funkwerk train radio system

First battery-powered train in Europe fitted with Funkwerk train radio system

The MESA®26 train radio system has been in use in one particularly sustainable setting since 2020 – Austrian railway operator ÖBB’s Cityjet eco, a variant of its Desiro Mainline (ML) multiple units, which is fitted with hybrid battery equipment and thus allows for easy retrofitting with a battery system.

HÖRMANN Industrieservice improves takt time to boost productivity

HÖRMANN Industrieservice improves takt time to boost productivity

HÖRMANN Industrieservice GmbH improved takt time at an OEM’s assembly facility and optimised the workplace while taking ergonomic and environmental factors into account. The company worked with the customer to devise a plan that would improve the loading and unloading of two adjacent machines used to process components.

HÖRMANN Industries publishes annual financial statements for 2020

HÖRMANN Industries publishes annual financial statements for 2020

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its 2020 annual financial statements. While the Group’s start to the year went according to plan, its business activities were materially affected from mid-March onwards, particularly in the Automotive and Services divisions, by the spread of the novel SARS-CoV-2 virus, the associated restrictions on public life and the large-scale shutdown of production capacities in the automotive industry. The HÖRMANN Group’s sales in the 2020 financial year amounted to EUR 521.5 million (previous year: EUR 622.2 million). This decline in sales is attributable to the Automotive and Services divisions, whereas the Engineering division was able to keep sales at the prior year level and the Communication division increased its sales compared to the previous year in the crisis year 2020. Earnings before interest, taxes, depreciation and amortisation (EBITDA) came to EUR 25.5 million (previous year: EUR 35.6 million), while earnings before interest and taxes (EBIT) amounted to EUR 12.6 million (previous year: EUR 23.7 million). At EUR 18.9 million, adjusted EBIT including non-recurring effects of EUR 5.8 million resulting from the relocation of the automotive plant in Penzberg and extraordinary goodwill amortisation in the Services division in the amount of EUR 0.5 million was only slightly below plan.

HÖRMANN’s mittendrin magazine focusing on getting things done

HÖRMANN’s mittendrin magazine focusing on getting things done

In the third issue of HÖRMANN’s mittendrin magazine, the cover story is entitled ‘We get things done’, and we report on the day-to-day work of the many people at the HÖRMANN Group who generate a significant proportion of our income and often have to operate in tough working conditions and bad weather.

HÖRMANN Rawema launches project with Fraunhofer IGCV and other partners

HÖRMANN Rawema launches project with Fraunhofer IGCV and other partners

BIM, involving digital data models, is facilitating processes such as the planning, construction and operation of buildings and production facilities. HÖRMANN Rawema has now launched a project with this in mind.

HÖRMANN Logistik presents a live webinar on automated intralogistics

HÖRMANN Logistik presents a live webinar on automated intralogistics

In a live webinar, Peter Gierlich, systems engineering & IT sales consultant at HÖRMANN Logistik, explained how companies can gain a competitive edge with the aid of automated intralogistics.

Train radio systems from Funkwerk AG now in use in Africa

Train radio systems from Funkwerk AG now in use in Africa

. ‘Our train radio systems are used not only in Europe, but also all around the world.

The Funkwerk Mobility Platform, the data hub from Funkwerk AG

The Funkwerk Mobility Platform, the data hub from Funkwerk AG

The Funkwerk Mobility Platform gives transport operators the tools they need for smart and interconnected transport.

HÖRMANN Automotive opens new painting system for high-quality coatings

HÖRMANN Automotive opens new painting system for high-quality coatings

HÖRMANN Automotive Eislingen GmbH has begun operations with a new power coating system at its factory in Ebersbach. ‘This system is used to pre-treat workpieces and assemblies of fuel tanks, panels and flaps as well as heating ducts for buses and similarly sophisticated components in a multi-stage wet chemical process and then to coat them with powder paint in a manual or automated booth,’ explained Tobias Frenzel, managing director of HÖRMANN Automotive Eislingen GmbH.

HÖRMANN Automotive expands production facility in Slovakia

HÖRMANN Automotive expands production facility in Slovakia

There was a successful outcome for the team from HÖRMANN Automotive in Slovakia as in the latter half of 2020, they completed a relocation from the Penzberg factory and ensured rapid growth at the Bánovce site.

“Familienunternehmen im Fokus” platform features HÖRMANN Group

“Familienunternehmen im Fokus” platform features HÖRMANN Group

The “Familienunternehmen im Fokus” online platform (known as FiFo) has made it its mission to shine the spotlight on the often little-known specialists in the world of family businesses. In March, FiFo turned its attentions to HÖRMANN Industries GmbH.

Klatt Fördertechnik GmbH reports a boom in parcels

Klatt Fördertechnik GmbH reports a boom in parcels

Klatt Fördertechnik GmbH is reaping the benefits of a pronounced upturn in mail order, with parcel handling systems accounting for roughly 70% of sales.

HÖRMANN Vehicle Engineering involved in developing Europe’s first hydrogen tram

HÖRMANN Vehicle Engineering involved in developing Europe’s first hydrogen tram

Chemnitz-based HÖRMANN Vehicle Engineering is working with Flexiva Automation & Robotik, also located in Chemnitz, and Leipzig company HeiterBlick GmbH on developing a one-of-a-kind innovation: Europe’s first tram powered by hydrogen fuel cells.

HÖRMANN Group helping to work on solution for intermodal logistics in urban settings

HÖRMANN Group helping to work on solution for intermodal logistics in urban settings

Cities are dynamic ecosystems in which transport has a significant impact on quality of life. If the latter is to be not only maintained but also improved, it will be necessary to make adjustments to urban transport as soon as possible and offer adequate solutions to an array of challenges. These include an ever-growing population, particularly in major cities; rising levels of CO2 and particulates; outdated transport infrastructure; high noise levels; and severely limited useable space. ‘Last-mile’ logistics is incredibly important in this respect.

HÖRMANN Vehicle Engineering working on a next-generation bogie

HÖRMANN Vehicle Engineering working on a next-generation bogie

Another milestone has been reached in the development of an innovative bogie for rolling stock, with production started on the demo model of the hybridBOGIE longitudinal member. In late 2020, HÖRMANN Vehicle Engineering GmbH, based in Chemnitz, worked closely with its project partner Institut für Konstruktion und Verbundbauweisen gemeinnützige GmbH on production tooling and on devising and refining the manufacturing process to develop a near-production-ready reference component for the longitudinal member. ‘In addition to actual process validation, the longitudinal member component will also be used later in the project for further investigation as well as testing and evaluation of mechanical parameters and suspension characteristics,’ explained Matthias Büttner, project manager at HÖRMANN Vehicle Engineering.

HÖRMANN Services acquires SAV GmbH’s Automation business unit

HÖRMANN Services acquires SAV GmbH’s Automation business unit

HÖRMANN Automationsservice GmbH, a company of HÖRMANN Group based in Salzgitter, has acquired the Automation business unit, located in the town of Mittweida and employing 11 people, from SAV GmbH. ‘We held talks about an acquisition last year and have now negotiated the final takeover criteria and signed the contract for the asset deal,’ said Lothar Becker, managing director of HÖRMANN Automationsservice. The Automation business unit now represents another central German site for the Services division of HÖRMANN Group, with retroactive effect as of 1 January 2021. ‘We’re thrilled to be working with our new colleagues,’ said site manager Andreas Walter.

HÖRMANN Vehicle Engineering assisting with development of Next Generation Train

HÖRMANN Vehicle Engineering assisting with development of Next Generation Train

HÖRMANN Vehicle Engineering GmbH, based in Chemnitz, has been assisting the German Aerospace Center (DLR) with the development of its NGT (Next Generation Train) project for two years now. Disruptive and pioneering train concepts such as the DLR’s Next Generation Train are intended to make technologies and research findings available to the rail industry. HÖRMANN Vehicle Engineering is proud to be playing its part in this process.

2020

HÖRMANN mittendrin magazine focusing on the company’s values

HÖRMANN mittendrin magazine focusing on the company’s values

In the second issue of HÖRMANN’s mittendrin magazine, the key values that shape and unite the Group are described from a range of perspectives. With all the latest news, a report on the importance of networking and an interview about the particular challenges facing women in senior management, the magazine once again provides some varied insight into life at HÖRMANN Group.

Turin Metro still safe and secure with Funkwerk AG

Turin Metro still safe and secure with Funkwerk AG

Funkwerk has provided 300 cameras to keep a watchful eye on all operations on Line 1 of the Turin Metro.

HÖRMANN Automotive goes off-road with electric vehicles

HÖRMANN Automotive goes off-road with electric vehicles

HÖRMANN Automotive GmbH is showing its skills with absolute planning and delivery reliability in the development of the EVUM aCar

HÖRMANN Warnsysteme - here’s to safety!

HÖRMANN Warnsysteme - here’s to safety!

As the market leader, HÖRMANN Warnsysteme GmbH installs and maintains most of the sirens in Germany.

HÖRMANN Automotive doing everything it takes to serve its customers

HÖRMANN Automotive doing everything it takes to serve its customers

When it comes to electric vehicles, HÖRMANN Automotive is a one-stop shop for everything from development to testing

HÖRMANN Logistik featured on RTL’s Guten Morgen Deutschland

HÖRMANN Logistik featured on RTL’s Guten Morgen Deutschland

HÖRMANN Logistik on TV. RTL introduced HÖRMANN Logistik’s range of warehouse logistics solutions to a wide audience on its Guten Morgen Deutschland programme.

A new name for lead design company HÖRMANN BauPlan

A new name for lead design company HÖRMANN BauPlan

AIC Ingenieurgesellschaft für Bauplanung Chemnitz GmbH will now trade as HÖRMANN BauPlan GmbH.

HÖRMANN Group publishes consolidated interim report for 2020

HÖRMANN Group publishes consolidated interim report for 2020

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2TSCH) today published its consolidated interim report for the first nine months of 2020. The HÖRMANN Group’s business development in the period under review was impacted by the coronavirus pandemic, especially in the Automotive and Services segments. Consolidated sales amounted to EUR 366.8 million after EUR 440.9 million in the same period of the previous year. EBITDA declined to EUR 18.3 million in the first nine months of 2020 (previous year: EUR 25.8 million), while operating EBIT amounted to EUR 8.3 million (previous year: EUR 17.4 million). A good third quarter that was almost in line with the previous year and the diversified nature of the Group structure served to cushion the impact of the coronavirus pandemic. As a result, the first three quarters of 2020 closed with consolidated net income of EUR 2.6 million (previous year: EUR 11.6 million).

HÖRMANN Industries GmbH: Euler Hermes confirms BB corporate rating with stable outlook

HÖRMANN Industries GmbH: Euler Hermes confirms BB corporate rating with stable outlook

In its current rating report, Euler Hermes Rating GmbH confirms its assessment of the creditworthiness and future viability of HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) with a rating of "BB". A stable development is expected for the next twelve months. In its rating report, Euler Hermes Rating emphasises the sustainable growth potential in the profitable Communications and Engineering divisions as well as the secure medium-term financing basis combined with the group's good financial flexibility.

HÖRMANN Industrieservice is an expert in good maintenance

HÖRMANN Industrieservice is an expert in good maintenance

Da der Markt für Solartechnik und Elektromobilität weiter wächst,  startete die  HÖRMANN Industrieservice GmbH  jetzt eine Kooperation mit einem Photovoltaik-Start-up in Göttingen.

Congratulations to Funkwerk AG on its 20-year anniversary as a listed company

Congratulations to Funkwerk AG on its 20-year anniversary as a listed company

Coinciding with its 20-year anniversary as a listed company, Funkwerk AG is taking on the operations of the train radio unit of STRABAG Infrastructure & Safety Solutions GmbH in Vienna as part of an asset deal.

HÖRMANN Kommunikation & Netze improving reliability on the rails

HÖRMANN Kommunikation & Netze improving reliability on the rails

As part of the project for installing ETCS equipment, HÖRMANN Kommunikation & Netze has taken on the construction work involved in implementing cable routing systems and power supply equipment on the route from Duisburg to Freiburg. The company has already gained experience with the system through its underground cabling work on Corridor A (Rotterdam to Genoa) at Uhlerborn near the town of Ingelheim am Rhein. This involved a lot of work with road-rail vehicles while the track was closed. As well as installing cable troughing alongside the railway, the company’s specialists excavated troughs crossing from one side of the track to the other, both open and in the form of buried pipes.

HÖRMANN Vehicle Engineering’s Dessau branch celebrates its ten-year anniversary

HÖRMANN Vehicle Engineering’s Dessau branch celebrates its ten-year anniversary

This year, HÖRMANN Vehicle Engineering’s branch in Dessau is celebrating its tenth anniversary. The branch, then named Voith Engineering Services GmbH, was established in Dessau, historically a hub for the manufacture of rolling stock, on 1 October 2010. When it was first set up, the team consisted of a total of ten employees. There are currently 16 engineers and technicians working at the site.

HÖRMANN’s mittendrin magazine focusing on times of change

HÖRMANN’s mittendrin magazine focusing on times of change

The first issue, for which the cover story is entitled ‘Times of change’, looks back on 65 years of company history and, alongside the new brand identity and plenty of news and articles about innovations, explores the extraordinary capacity of our employees to keep the HÖRMANN Group in a constant state of renewal and thus to work together to determine what the future will look like.

HÖRMANN Kommunikation & Netze upgrades 110-kilovolt cables

HÖRMANN Kommunikation & Netze upgrades 110-kilovolt cables

In 2019, HÖRMANN Kommunikation & Netze carried out modernisation work on two 110-kilovolt cables in the Frankenthal area on behalf of Pfalzwerke Netz AG. The company’s work to replace pylons and conductors met with glowing feedback. As a result, it was invited in late 2019 to submit a tender for further projects in 2020, to be divided into three lots. HÖRMANN Kommunikation & Netze was given the contract for lot 2, with the range of services involved increasing considerably following initial talks.

HÖRMANN Industries publishes half-year financial statements for 2020

HÖRMANN Industries publishes half-year financial statements for 2020

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number: A2TSCH) today published its consolidated interim report for the first half of 2020. Sales declined from EUR 299.0 million in the previous year to EUR 234.2 million in the first six months. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to EUR 6.2 million in the reporting period (previous year: EUR 14.4 million) and operating EBIT amounted to EUR  0.4 million (previous year: EUR 8.7 million). The first half of 2020 closed with consolidated net income of EUR -4.5 million (previous year: EUR 4.2 million).

HÖRMANN Rawema demonstrates test workshop for Industry 4.0

HÖRMANN Rawema GmbH, a HÖRMANN Group company, created a development location almost two years ago with its showroom, a test workshop for Industry 4.0 in Chemnitz. The test workshop allows the challenges and opportunities of Industry 4.0 to be formulated, demonstrated and analysed. At the request of the curator of the MaschinenBoom exhibition, an additional experience has been created as part of these activities: “Depicting and optimising material flow systems is one of the key tasks of factory planning. With our digital factory planning table, we have created a cyber-physical system that allows users to experience the systems intuitively,” says innovation manager Benjamin Bielefeld, Head of Research & Development at HÖRMANN Rawema.

HÖRMANN Logistik is an innovation champion among TOP 100 companies

HÖRMANN Logistik is an innovation champion among TOP 100 companies

Since 1987, HÖRMANN Logistik has been absolutely dedicated to designing and implementing automated high-bay warehouses, small-parts warehouses and the associated conveyor and handling systems in all kinds of industries. Innovative ideas, ground-breaking technology and the personal touch when it comes to service have been every bit as much a part of the company’s customised designs as its tailor-made HiLIS (Hörmann Intralogistics System) warehouse management system. The Munich-based company has now been recognised for its innovative excellence with a TOP 100 innovation award in the category for companies with 51 to 200 employees in recognition of its ‘top management that encourages innovation’.

HÖRMANN Gruppe veröffentlicht Geschäftsbericht 2019

Die HÖRMANN Industries GmbH (Unternehmensanleihe, WKN: A2TSCH) hat heute ihren Jahresabschluss 2019 veröffentlicht. Im Geschäftsjahr 2019 wurde mit 622,2 Mio. € ein Umsatz auf Vorjahresniveau erwirtschaftet (Vorjahr: 624,1 Mio. €). Die Gesamtleistung verringerte sich von 675,1 Mio. € in 2018 um 33,9 Mio. € oder 5,0 % auf 641,2 Mio. €, was vor allem durch die zum 1. April 2019 erfolgte Entkonsolidierung der HÖRMANN Automotive Penzberg GmbH und einem gegenüber 2018 geringeren Bestandsaufbau bedingt ist. Das Ergebnis vor Zinsen, Steuern und Abschreibungen (EBITDA) lag bei 35,6 Mio. € (Vorjahr: 41,8 Mio. €), das operative Ergebnis vor Zinsen und Steuern (EBIT) belief sich auf 28,3 Mio. € (Vorjahr: 30,5 Mio. €), das EBIT einschließlich Sondereffekte erreichte 23,7 Mio. € (Vorjahr: 25,1 Mio. €). Das Geschäftsjahr 2019 schloss mit einem Konzernjahresüberschuss von 9,9 Mio. € (Vorjahr: 14,6 Mio. €). Die Umsatzprognose wurde damit übertroffen, das Ergebnis liegt im Rahmen der Planung.

HÖRMANN Group takes part in IQ Innovationspreis Mitteldeutschland

HÖRMANN Group takes part in IQ Innovationspreis Mitteldeutschland

HÖRMANN Automotive GmbH and HÖRMANN Vehicle Engineering GmbH have put themselves forward as candidates for the IQ Innovationspreis Mitteldeutschland cluster innovation awards with their novel integral chassis concept. The Innovationspreis rewards innovative and market-ready products, methods and services.

Light commercial vehicles can vary widely owing to the extremely broad range of applications for which they are used, which currently means costly conversion processes requiring a lot of tools. In addition, mass-produced electric light commercial vehicles are often based on conventional platforms designed for internal combustion engines. This wastes precious space because these vehicles are not systematically designed with the use of alternative drive systems in mind.

HÖRMANN Services offers reliability and perfect timing for transport through series production

HÖRMANN Services offers reliability and perfect timing for transport through series production

TEASER: Reliably transporting components from station to station at the right times is extremely important in maximising the efficiency of highly automated production lines. NTN Antriebstechnik GmbH, based in the town of Gardelegen, contracted HÖRMANN Automationsservices GmbH to link up the various workstations on two new production lines for the assembly of cars with internal combustion engines.

HÖRMANN Logistik now serving a wider area with AutoStore marketing

HÖRMANN Logistik now serving a wider area with AutoStore marketing

HÖRMANN Logistik first became an official distributor of the innovative AutoStore small-parts warehouse system in 2013. Since then, numerous AutoStore systems have been implemented in a wide range of industries. HÖRMANN Logistik is also the first AutoStore partner to have implemented a system with the latest Black Line robot technology. The AutoStore business is receiving assistance with the latest addition to the distribution segment from subsidiary Klatt Fördertechnik GmbH, based in the Austrian town of Neumarkt am Wallersee.

HÖRMANN Services offers automation of assembly lines for electric cars

HÖRMANN Services offers automation of assembly lines for electric cars

In the 2019 financial year, HÖRMANN Services took on the complete handling of the automation of an assembly line for electric cars, from planning to installation and commissioning of the entire fluid supply installation at an OEM’s assembly facility.

2019

HÖRMANN Rawema’s smart factory nominated for Sächsischer Innovationspreis award

HÖRMANN Rawema’s smart factory nominated for Sächsischer Innovationspreis award

With a nomination for its smart factory, HÖRMANN Rawema Engineering & Consulting GmbH was counted among the top ten for the 2019 Sächsischer Innovationspreis awards.

Fully automated Funkwerk passenger information for railways in Luxembourg

Fully automated Funkwerk passenger information for railways in Luxembourg

As part of a modernisation programme, all railway stations in Luxembourg are to be fitted with the AURIS passenger information system and Funkwerk AG display systems by the end of 2021.

High-performance punching of longitudinal frame members at HÖRMANN Automotive

High-performance punching of longitudinal frame members at HÖRMANN Automotive

High-performance punching at HÖRMANN Automotive GmbH allows for a wide range of variants and a high degree of automation coupled with low takt times.

Bolzano fire service uses mobile siren from HÖRMANN Warnsysteme to enforce curfew

Bolzano fire service uses mobile siren from HÖRMANN Warnsysteme to enforce curfew

The city of Bolzano in the South Tyrol province of Italy is using a Mobela 150D mobile siren with a public address function from HÖRMANN Warnsysteme to help in the battle against the coronavirus pandemic

HÖRMANN Automotive expanding charging infrastructure for electric vehicles

HÖRMANN Automotive expanding charging infrastructure for electric vehicles

HÖRMANN Automotive is supporting efforts to protect the climate, which is why it is setting its factory in Wackersdorf up to be suitable for work relating to electric vehicles and the associated infrastructure.

VacuTec Messtechnik helps minimizing risk in radiography

VacuTec Messtechnik helps minimizing risk in radiography

HÖRMANN VacuTec offers the innovative VacuDAP duo measuring system to minimise risk in radiography. This system can determine the reference dose and the dose area product at the same time.

Smart Funkwerk traffic management systems for motorways

Smart Funkwerk traffic management systems for motorways

Hessen Mobil, the administrative agency for road and traffic management in the German state of Hesse, is using smart traffic management systems to optimise how transport runs on local motorways.

HÖRMANN Automotive delivers high-precision, high-quality large components for agricultural machinery

HÖRMANN Automotive delivers high-precision, high-quality large components for agricultural machinery

The HÖRMANN Automotive factory in St. Wendel has built up specialist tooling expertise and developed cutting-edge manufacturing methods and technology for agricultural machinery.

Innovative warehouse technology for the packaging industry from HÖRMANN Logistik

Innovative warehouse technology for the packaging industry from HÖRMANN Logistik

HÖRMANN Logistik secured a contract from Kunert Wellpappe to implement a new automated high-bay warehouse together with the associated conveyor system at the packaging company’s site in Bad Neustadt.

HÖRMANN Vehicle Engineering provides complete vehicle development service for train in Beijing

HÖRMANN Vehicle Engineering provides complete vehicle development service for train in Beijing

HÖRMANN Vehicle Engineering is developing an innovative train system for public transport between China’s growing big cities.

Successful launch for HÖRMANN Warnsysteme sirens in Brazil

Successful launch for HÖRMANN Warnsysteme sirens in Brazil

Brazil’s first siren warning system from HÖRMANN Warnsysteme is now in operation. This can be used to trigger warning sounds and recorded voice messages as well as to transmit announcements to sirens for broadcast.

HÖRMANN Automotive broadens capabilities to include hot working and press hardening

HÖRMANN Automotive broadens capabilities to include hot working and press hardening

The HÖRMANN Automotive factory in St. Wendel in the German state of Saarland has broadened its technological capabilities to include the hot working and press hardening production processes thanks to a significant new investment. 

HÖRMANN publishes financial results for the first nine months of 2019

HÖRMANN publishes financial results for the first nine months of 2019

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) announced its financial results for the first nine months of 2019. Accordingly, sales in the first three quarters of 2019 rose by 2.7% to EUR 440.9 million (9M 2018: EUR 429.3 million). Earnings before interest and taxes (EBIT) increased from EUR 11.0 million to EUR 17.4 million. At EUR 11.6 million, consolidated net income was also above the previous year's level (9M 2018: EUR 6.1 million).

HÖRMANN Vehicle Engineering presents an innovative concept for RoLa

HÖRMANN Vehicle Engineering GmbH, a HÖRMANN Group company, presented an innovative carrying wagon concept for the rolling highway at the TRAKO conference in the Polish city of Gdansk. TRAKO is the largest rail vehicle exhibition fair after InnoTrans and focuses on Eastern Europe. Exhibitors showcase modern transport systems and major future investments in the sector.

HÖRMANN Group repays bond early

HÖRMANN Group repays bond early

Following the successful placement of its new 2019/2024 bond, HÖRMANN Industries GmbH today prematurely terminated all outstanding portions of the 2016/2021 corporate bond issued in November 2016 (WKN A2AAZG / ISIN DE000A2AAZG8) with a total volume of EUR 30 million and a coupon of 4.50%.

HÖRMANN Group publishes half-year financial statements for 2019

HÖRMANN Industries GmbH (corporate bonds, WKN: A2TSCH and A2AAZG) today published its consolidated interim financial statements for the first half of 2019. Sales increased by 4.1% year-on-year to EUR 299.0 million in the first six months of 2019 (H1 2018: EUR 287.1 million). Earnings before interest and taxes (EBIT**) rose by 10.1% to EUR 8.7 million (H1 2018: EUR 7.9 million). Consolidated net income was largely unchanged year-on-year at EUR 4.2 million (H1 2018: EUR 4.3 million).

HÖRMANN Group develops lightweight chassis for flexible logistics applications

HÖRMANN Group develops lightweight chassis for flexible logistics applications

HÖRMANN Vehicle Engineering, a HÖRMANN Group company, has developed a modular chassis on behalf of SBB Cargo that can be used flexibly for various transport applications and superstructures with higher payloads. ‘Thanks to our extensive manufacturing expertise, we were able to bring the lightweight structural construction principles of commercial vehicles to the railways, allowing us to use a more economical production process,’ commented Mike Juntke, project manager at HÖRMANN Vehicle Engineering. This was achieved by leveraging synergies within the HÖRMANN Group, consisting of product development on the one hand (HÖRMANN Vehicle Engineering GmbH) and production-orientated product design on the other (HÖRMANN Automotive Gustavsburg GmbH).

HÖRMANN Group reinforces Communication division

HÖRMANN Group reinforces Communication division

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2TSCH / ISIN: NO0010851728), based in Kirchseeon near Munich, is pressing ahead with the strategic reorientation of the Group and opening up new potential for the future development of its Communication division.

HÖRMANN Group launches new 2019/2024 bond

HÖRMANN Group launches new 2019/2024 bond

The technology specialist HÖRMANN Industries GmbH has successfully placed its new corporate bond (German Securities Code Number (WKN): A2TSCH, ISIN: NO0010851728) with a total volume of EUR 50 million. The issue was concluded early at 8:30 a.m. on 27 May 2019 due to the extremely high level of investor demand, with the bond being several times oversubscribed. The subscription period was originally scheduled to end on 28 May 2019. The HÖRMANN Industries 2019/2024 bond enjoyed strong demand among domestic and foreign institutional investors as well as private investors. The annual fixed interest rate is 4.5%, as was the case with the HÖRMANN 2016/2021 bond.

HÖRMANN Group closes 2019/2024 bond issue subscription early

HÖRMANN Group closes 2019/2024 bond issue subscription early

The new corporate bond of technology specialist HÖRMANN Industries GmbH (German Securities Code Number (WKN): A2TSCH, ISIN: NO0010851728) has met with considerable interest among institutional and private investors alike. As a result, the subscription period is being concluded early. Subscription for the new bond via Deutsche Börse under the terms of the public offer is now possible until 8:30 a.m. on Monday, 27 May 2019. The subscription period was originally scheduled to end on 28 May 2019. The annual coupon has been set at 4.5%.

Subscription period for new HÖRMANN 2019/2024 bond starts today

Subscription period for new HÖRMANN 2019/2024 bond starts today

The subscription period for the new 2019/2024 bond to be issued by HÖRMANN Industries GmbH begins today. The five-year bond (German Securities Code Number (WKN): A2TSCH / ISIN NO0010851728) with a nominal value of EUR 1,000.00 is scheduled to be available for subscription via banks and online brokers on the Frankfurt Stock Exchange until 28 May 2019 (10:00 a.m.). The offer is aimed at institutional investors and asset managers as well as private investors in Germany and Luxembourg. The issue volume for the HÖRMANN Industries bond is up to EUR 50 million and the minimum interest rate is 4.500% p.a. The final interest rate will be determined and communicated on 28 May 2019 on the basis of the subscription offers. The bond is expected to be listed in the Open Market of the Frankfurt Stock Exchange and the Nordic ABM segment of the Oslo Stock Exchange.

HÖRMANN Group issues new corporate bond

HÖRMANN Group issues new corporate bond

HÖRMANN Industries GmbH intends to issue a new corporate bond with a volume of up to EUR 50 million. The issue proceeds will be used for the early refinancing of the bond that is scheduled to mature in 2021 (German Securities Code Number (WKN): A2AAZG, volume: EUR 30 million), which has a call option from 21 November 2019 at a price of 101.5%. The proceeds will also be used for general corporate financing, including the modernisation and automation of the existing production facilities in the Automotive segment and the enhancement of the other segments through targeted acquisitions. The bonds will be publicly offered in Germany and Luxembourg. The necessary securities prospectus was today approved by the Commission de Surveillance du Secteur Financier (CSSF), and the German Federal Financial Supervisory Authority (BaFin) was notified. The bonds will also be offered to institutional investors in selected European countries by way of a private placement conducted by the joint lead managers, Pareto Securities and IKB Deutsche Industriebank AG.

HÖRMANN Group publishes 2018 Annual Report

HÖRMANN Group publishes 2018 Annual Report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2018 annual financial statements. In the 2018 financial year, sales increased from EUR 521.9 million (2017) to EUR 624.1 million, while EBITDA rose by around 53% year-on-year to EUR 41.8 million. Operating EBIT improved by 45% to EUR 30.5 million (previous year: EUR 21.1 million). This meant the sales and earnings forecasts that were upwardly revised in September 2018 were exceeded. HÖRMANN Industries closed the 2018 financial year with consolidated net income of EUR 14.6 million, up 60.4% on the previous year (EUR 9.1 million), with all four segments making a positive earnings contribution. The Group’s equity base improved from EUR 99.6 million at the end of the previous year to EUR 112.8 million on 31 December 2018 thanks to the positive results of operations. The equity ratio increased from 35.1% (31 December 2017) to 38.3% at the reporting date, while net cash and cash equivalents amounted to EUR 77.3 million. Total assets rose by EUR 11.3 million to EUR 294.7 million as a result of the higher level of current assets. Excluding trainees, the company had an average of 3,175 employees in the reporting period, up 12.4% compared with 2017.

HÖRMANN Logistik acquires majority stake in Klatt Fördertechnik GmbH

HÖRMANN Logistik acquires majority stake in Klatt Fördertechnik GmbH

HÖRMANN Logistik GmbH, a subsidiary of HÖRMANN Group, has been a general contractor for the supply of smart and innovative intralogistics systems for 32 years. Now the company is acquiring a majority stake in the Austrian company Klatt Fördertechnik GmbH. In its 19-year existence, Klatt Fördertechnik has developed into a renowned manufacturer of conveyor systems. "With our merger, we are not only strengthening our core competencies, but also strategically expanding them," emphasises Steffen Dieterich, Managing Director of HÖRMANN Logistik. His colleague in the management board, Oliver Vujcic, adds: "For both companies there are many synergies for ambitious growth."

2018

HÖRMANN Automotive develops chassis inspired by the natural world

HÖRMANN Automotive develops chassis inspired by the natural world

The new integral chassis concept for lightweight commercial vehicles from HÖRMANN Automotive GmbH features an oval topology reminiscent of a nut or a tortoise, making it safe and yet light at the same time for its application protecting the energy storage unit. In terms of manufacturing technology, the concept builds on the findings of the Technical University of Darmstadt’s Collaborative Research Centre (SFB) 666, a project dealing with integral sheet metal design with higher-order bifurcations and the development, production and analysis of such products. This uses the technologies developed as part of the project in a vehicle manufacturing application for the future of urban delivery logistics. It uses the bifurcated sheet structures to implement new mechanisms for protecting energy storage units in vehicles with alternative drive systems.

HÖRMANN Group publishes 2018 interim report

HÖRMANN Group publishes 2018 interim report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its half-yearly financial statements for 2018. The company recorded sales and earnings growth in the first six months of 2018. Sales increased by 19.2% year-on-year to EUR 287.1 million in the first six months of 2018 (H1 2017: EUR 240.9 million). Earnings before interest and taxes (EBIT**) rose by 83.3% to EUR 7.9 million (H1 2017: EUR 4.3 million). This growth was driven by positive development in all four segments. Consolidated net income also improved from EUR 1.9 million (H1 2017) to EUR 4.3 million.

HÖRMANN Group exhibiting at 2018 IAA Commercial Vehicle Show

HÖRMANN Group exhibiting at 2018 IAA Commercial Vehicle Show

HÖRMANN Group is demonstrating the synergies created by its capabilities – particularly its Automotive and Engineering divisions – at the 2018 IAA Commercial Vehicle Show. The innovative integral chassis concept, which HÖRMANN Group is showcasing for the first time, is designed specifically to be used with alternative drive systems and pursues a lightweight structural approach that reflects the cost sensitivity of the transport industry in particular, as well as the vehicle design requirements of electric light commercial vehicles.

HÖRMANN Group publishes 2017 Annual Report

HÖRMANN Group publishes 2017 Annual Report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2017 Annual Report in which it confirms the preliminary figures announced on 26 April. Sales increased from EUR 464.6 million to EUR 521.9 million in the 2017 financial year, while EBIT amounted to EUR 14.9 million (previous year: EUR 16.9 million). This meant the sales and earnings forecasts for the reporting period were exceeded. Consolidated income after interest and taxes amounted to EUR 9.1 million (previous year: EUR 11.2 million).

HÖRMANN Group publishes preliminary figures for the 2017 financial year

HÖRMANN Group publishes preliminary figures for the 2017 financial year

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has presented its preliminary figures for the past financial year. The group, which incorporates the operating subsidiaries of the HÖRMANN Group and had an average of 2,825 employees in the 2017 financial year, generated consolidated sales of EUR 521.9 million (previous year: EUR 464.6 million) and EBIT of around EUR 14.9 million (previous year: EUR 16.9 million). Consolidated income after interest and taxes amounted to around EUR 9.1 million (previous year: EUR 11.2 million). This meant the Group exceeded its sales and earnings forecasts for the 2017 financial year of EUR 510 million and EUR 13 million, respectively. HÖRMANN Industries benefited from the positive macroeconomic conditions and the resulting healthy order situation.

HÖRMANN Logistik consolidates all AutoStore activities in one centre of excellence

HÖRMANN Logistik consolidates all AutoStore activities in one centre of excellence

To make more targeted and effective use of the rapid growth of our AutoStore business, the AutoStore centre of excellence was established in January 2018. This combines all activities relating to sales, marketing and implementation.

2017

HÖRMANN Holding GmbH & Co. KG expands its management team

HÖRMANN Holding GmbH & Co. KG expands its management team

In December 2017, the Advisory Board of HÖRMANN Holding GmbH & Co. KG appointed long-standing authorised signatory and CFO Johann Schmid-Davis to the management of the holding company. He will support CEO Michael Radke as part of a two-person management team. HÖRMANN Holding is the parent company of the HÖRMANN Group, whose operating activities are bundled in HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG).

HÖRMANN Group intends to acquire three companies through its Services division

HÖRMANN Group intends to acquire three companies through its Services division

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has signed an agreement with the MAT Maschinen- und Automationstechnik GmbH Group, Salzgitter, on the acquisition of its three operating subsidiaries MAT Maschinentechnik GmbH, MAT Automationstechnik GmbH and MAT Industrieservice GmbH. The agreement involves the HÖRMANN Group integrating the three companies into the Services segment as separate companies as well as around 130 employees at the Salzgitter site, most of them highly qualified engineers and technicians. The agreement will come into effect subject to individual conditions including anti-trust approval.

HÖRMANN Group intends to acquire a division from Leadec

HÖRMANN Group intends to acquire a division from Leadec

Kirchseeon-based HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has signed an agreement with Leadec Engineering GmbH, Chemnitz, on the acquisition of its Development Road and Rail, excluding Prototyping (Engineering) division. The agreement involves the HÖRMANN Group acquiring the division’s business operations and all tangible and intangible assets from Leadec Engineering GmbH as well as around 110 employees at the Chemnitz, Dresden, Dessau and Munich sites, most of them highly skilled engineers and designers. The agreement will come into effect subject to individual conditions including anti-trust approval.

HÖRMANN Group publishes 2017 interim report

HÖRMANN Group publishes 2017 interim report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its half-yearly financial statements for 2017. Sales increased by 16.2% year-on-year to EUR 240.9 million in the first six months of 2017 (H1 2016: EUR 207.2 million). EBIT improved by 26.5% to EUR 4.3 million. Compared with the same period of the previous year, this sales and earnings development was driven by organic growth as well as the first-time consolidation of Funkwerk AG and VacuTec Meßtechnik GmbH, majority interests in which were acquired in the fourth quarter of 2016. Net income for the first half of the year also improved significantly from EUR 0.3 million to EUR 1.9 million.

HÖRMANN Group publishes 2016 Annual Report

HÖRMANN Group publishes 2016 Annual Report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2016 Annual Report in which it confirms the preliminary figures announced in late April. In the 2016 financial year, sales increased from EUR 435.4 million to EUR 464.6 million and EBIT improved from EUR 11.9 million to EUR 16.9 million. The pro rata first-time consolidation of Funkwerk AG and VacuTec Messtechnik GmbH in the fourth quarter of 2016 in particular delivered sales and earnings contributions that were higher than predicted. The company also recorded higher than expected organic growth. Consolidated net income after taxes increased from EUR 6.2 million to EUR 11.2 million.

HÖRMANN Group establishes new Services division

HÖRMANN Group establishes new Services division

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) is expanding its business model to include a new segment, Services. Alongside the existing Automotive, Engineering and Communication segments, Services will be a fourth pillar that will tap into the significant growth potential of the service sector and drive the continued diversification of the company.

HÖRMANN Group publishes preliminary figures for the 2016 financial year

HÖRMANN Group publishes preliminary figures for the 2016 financial year

HÖRMANN Industries GmbH (formerly HÖRMANN Finance GmbH; German Securities Code Number (WKN) of corporate bond: A2AAZG) has presented its preliminary figures for the past financial year. The Group, which incorporates the operating subsidiaries of the HÖRMANN Group and had around 2,800 employees in the 2016 financial year, generated consolidated sales of EUR 464.6 million (previous year: EUR 435.4 million) and EBIT of EUR 16.9 million (previous year: EUR 11.9 million). Consolidated income after interest and taxes amounted to around EUR 11 million (previous year: EUR 6.2 million). This meant the medium-sized conglomerate achieved substantially higher sales and earnings growth than originally forecast. This was mainly due to the pro rata sales and earnings contributions from the first-time consolidation of Funkwerk AG and VacuTec Messtechnik GmbH in the fourth quarter of 2016 and higher than expected organic growth in the Automotive and Engineering segments.

New name: HÖRMANN Finance becomes HÖRMANN Industries

New name: HÖRMANN Finance becomes HÖRMANN Industries

HÖRMANN Finance GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) is changing its name to HÖRMANN Industries GmbH. This better emphasises the actual function of the company, as HÖRMANN Industries incorporates the operating subsidiaries of the family-owned HÖRMANN Holding GmbH & Co. KG. Only last year, the technology specialist expanded its investment portfolio to more than 20 subsidiaries by acquiring majority holdings in Funkwerk AG, a listed company, and VacuTec Messtechnik GmbH. The new name also reflects the diversified product portfolio of the equity investments. The medium-sized conglomerate offers a varied range of products in different sectors across its Automotive, Engineering and Communication segments. In the 2015 financial year, it generated consolidated sales of around EUR 435 million, operating EBIT of EUR 11.9 million and consolidated net income after taxes of EUR 6.2 million with a workforce of around 2,300 employees. The Group intends to further extend its strong technological position in the coming years through targeted investments and systematically expand its international activities.

HÖRMANN Group moves to new ‘Scale’ segment for SMEs

HÖRMANN Group moves to new ‘Scale’ segment for SMEs

HÖRMANN Finance GmbH and its existing corporate bond (German Securities Code Number [WKN]: A2AAZG) will move to Deutsche Börse AG’s new ‘Scale’ segment when it launches on 1 March 2017. The successor to the Entry Standard for small and medium-sized enterprises (SMEs) offers increased transparency for investors thanks to more stringent admission and follow-up obligations. The company has already engaged equinet Bank AG as its Deutsche Börse Capital Market Partner.

Dr. Michael Radke succeeds Heinz Runte as CEO of the HÖRMANN Group

Dr. Michael Radke succeeds Heinz Runte as CEO of the HÖRMANN Group

Dr.-Ing. Michael Radke will join the management of HÖRMANN Holding GmbH & Co. KG and HÖRMANN Finance GmbH and take over as CEO in the first quarter of 2017. He succeeds Heinz Runte, who will move to the Advisory Board at the same time as planned. CFO Johann Schmid-Davis will remain responsible for the commercial and financial management of the Group.

2016

HÖRMANN Group closes bond issue subscription early

HÖRMANN Group closes bond issue subscription early

The new corporate bond of the technology specialist HÖRMANN Finance (German Securities Code Number (WKN): A2AAZG) has met with considerable interest among investors. In response to demand, the subscription period that began today is being shortened and will conclude at 3:00 p.m. today. The subscription period was originally scheduled to end on 17 November 2016.

HÖRMANN Group successfully issues its new bond

HÖRMANN Group successfully issues its new bond

The technology specialist HÖRMANN Finance has successfully placed its new corporate bond (German Securities Code Number (WKN): A2AAZG) with a total volume of EUR 30 million. In response to strong demand from investors, the issue was concluded at 3:00 p.m. on the first day of the subscription period, which was originally scheduled to end on 17 November 2016. At 4.50%, the annual fixed interest rate is in the middle of the announced range (4.25% to 4.75%). All orders up to and including EUR 4,000 that were placed on time by investors via the Frankfurt Stock Exchange’s subscription functionality were allocated in full; orders with a volume in excess of EUR 4,000 were allocated at EUR 4,000. The start of trading on the Frankfurt Stock Exchange (pre-issue trading) including admission to the Entry Standard for corporate bonds is scheduled for Wednesday 16 November 2016. The issue and value date is 21 November 2016.

HÖRMANN Group sets interest range for new corporate bond

HÖRMANN Group sets interest range for new corporate bond

The technology specialist HÖRMANN Finance will offer a new corporate bond (German Securities Code Number (WKN): A2AAZG) with a total volume of up to EUR 30 million and a term of five years for subscription from this coming Tuesday 15 November 2016. Based on discussions with investors, the range for the annual fixed interest rate was today set at between 4.25% and 4.75%. The final coupon, which will lie within this range, will be determined by way of bookbuilding after the end of the offer phase on the basis of the subscription orders received and announced in the form of a pricing notice. The subscription period for the public offer is scheduled to end at 2:00 p.m. on 17 November 2016, subject to extension or early conclusion. The issue is being supported by equinet Bank AG and IKB Deutsche Industriebank AG as joint lead managers and joint bookrunners.

HÖRMANN Group offers new corporate bond

HÖRMANN Group offers new corporate bond

The technology specialist HÖRMANN Finance is to offer a new corporate bond (German Securities Code Number (WKN): A2AAZG) with a total volume of up to EUR 30 million and a term of five years. The offer is subject to the nominal placement volume reaching at least EUR 25 million. The annual fixed interest rate for the new bonds will be determined by way of bookbuilding after the end of the offer period on the basis of the subscription orders received and announced in the form of a pricing notice. The subscription period for the public offer begins on 15 November 2016 is scheduled to end at 2:00 p.m. on 17 November 2016 (subject to extension or early conclusion). A range for the interest rate will be set and published prior to the start of the subscription period. The bond is expected to be admitted to trading on the Frankfurt Stock Exchange in the Entry Standard for corporate bonds on 21 November 2016. The public offer is being made in Germany, Luxembourg and Austria. The bonds, each of which has a nominal value of EUR 1,000, can be purchased via banks and online brokers on the Frankfurt Stock Exchange. The issue is being supported by equinet Bank AG and IKB Deutsche Industriebank AG as joint lead managers and joint bookrunners

HÖRMANN Group adds VacuTec and Funkwerk to its investment portfolio

HÖRMANN Group adds VacuTec and Funkwerk to its investment portfolio

The technology specialist HÖRMANN Finance (corporate bond: ISIN DE000A1YCRD0) today resolved to expand its investment portfolio in the Engineering and Communication segments. This will be achieved through the acquisition of an additional equity interest of 52.85% in Funkwerk AG by HÖRMANN Funkwerk Holding GmbH including the netting of receivables, as well as a majority interest in VacuTec Messtechnik GmbH by way of a capital increase through contributions in kind. Following the conclusion of these non-cash transactions, which is expected by the end of this year, HÖRMANN Finance will hold 78.35% of the shares in Funkwerk AG and 90% of the shares in VacuTec Messtechnik GmbH. These measures will mean that all of the significant majority-owned operating companies of HÖRMANN Group will be bundled in HÖRMANN Finance, thereby optimising the Group structure as a whole.

HÖRMANN Group publishes 2016 consolidated interim report

HÖRMANN Group publishes 2016 consolidated interim report

In the first half of 2016, HÖRMANN Finance GmbH increased its consolidated sales by almost 5% to EUR 207.2 million (previous year: EUR 198.1 million). Growth was achieved in both the Automotive and Service Communication segments. Net income after taxes for the first half of the year improved from EUR -1.4 million to EUR 0.3 million.

HÖRMANN Group publishes 2015 Annual Report

HÖRMANN Group publishes 2015 Annual Report

Technology specialist HÖRMANN Finance GmbH increased its consolidated sales from EUR 418.0 million to EUR 435.4 million in the 2015 financial year and generated positive EBIT of EUR 11.9 million following a slightly negative figure in the previous year (EUR -0.4 million). All three divisions – Automotive, Engineering and Communication – made positive earnings contributions. The main reasons for the positive business development were the capacity adjustment measures in the Automotive segment that were initiated in 2014, which have led to a reduction in staff costs in particular, as well as the improvement in gross profit due to optimised material usage. Consolidated net income after taxes improved to EUR 6.2 million after a net loss of EUR -10.1 million in the previous year.