Press releases 2024

The Bavarian Mittelstand was honored yesterday by Minister of State Hubert Aiwanger during a festive ceremony at Schleißheim Palace. The HÖRMANN Group is very proud to be one of the 2024 "BAYERNS BEST 50" award winners and thus one of the top 50 medium-sized companies in Bavaria. This was emphasized by Anna Hörmann, who accepted the award together with CFO Johann Schmid-Davis.

HÖRMANN Industries GmbH (corporate bond, ISIN: NO0012938325) today published its financial results for the first three months of 2024. In the first quarter, the HÖRMANN Group generated revenue of € 165.6 million, slightly lower than in the same period of the previous year (€ 172.1 million). This was due in particular to the economic situation, which continued to be characterised by geopolitical, economic and industry-specific challenges in the 2024 financial year. In particular, the unexpectedly sharp decline in demand from the truck and agricultural machinery industry led to sales at HÖRMANN Automotive that were below plan and below the same quarter of the previous year. As a result of the year-on-year decline in sales, earnings before interest, taxes, depreciation and amortisation (EBITDA) also fell from € 5.3 million to € 4.0 million in the first quarter of 2024; earnings before interest and taxes (EBIT) fell from € 2.5 million to € 0.9 million.

At the end of 2023, HÖRMANN Vehicle Engineering GmbH (HVE) successfully completed a five-year project. This project was unique in its kind and differed significantly from previous development projects.

For the new plant in Parsdorf near Munich, KraussMaffei Technologies, the world's leading manufacturer of machines and systems for plastics and rubber processing, decided on a comprehensive restructuring of its entire intralogistics.

HÖRMANN Industries GmbH (corporate bond, ISIN: NO0012938325) today published its annual financial statements for 2023. In the 2023 financial year, the HÖRMANN Group generated revenue of € 830.9 million (previous year: € 685.7 million) and earnings before interest and taxes (EBIT) of € 30.7 million (previous year: € 23.7 million). All four divisions recorded strong sales growth and contributed to the positive annual result. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 44.5 million (previous year: € 35.3 million) despite the difficult economic conditions. The 2023 financial year closed with a consolidated net profit of € 9.5 million (previous year: € 12.2 million).

Shorter waiting times at security checkpoints, greater passenger satisfaction and lower staffing levels - with SECTRO, BEUMER Group and HÖRMANN Klatt Conveyors are introducing a new, innovative solution for hand baggage screening at airports. The two companies have joined forces as part of a strategic partnership to successfully launch SECTRO on the market in the course of 2025.

With effect from 15 March 2024, Dr. Jürgen Lechler will join the Management Board of HÖRMANN Automotive GmbH and thus take over the management of the HÖRMANN Automotive division.

HÖRMANN Automotive is one of the most popular employers in Germany and ranks 13th in the "Automotive and Suppliers" sector

With the installation of the 1,000th AutoStore® robot at Christ Packing Systems in Ottobeuren, HÖRMANN Intralogistics is celebrating another milestone in its success story with more than 50 AutoStore® solutions implemented to date.

We have great news to celebrate - we have been officially recognized as a Kununu Top Company!

The Funkwerk Group is growing: it is taking over Elektrotechnik und Elektronik Oltmann GmbH from Berlin, a specialist for passenger information systems in regional rail transport.