HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first three months of 2023. In the first quarter, the HÖRMANN Group generated revenue of € 172.1 million, a significant increase of € 45.1 million compared to the same period of the previous year (€ 127.0 million). In the quarter under review, the Group benefited from the noticeable recovery in the commercial vehicle industry and inflation-related price increases. In the first quarter of 2022, the outbreak of war in Ukraine and the associated supply bottlenecks and production disruptions, particularly among major OEM customers, had a negative impact on sales development. As a result of the stabilized business situation and increased productivity, earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter of 2023 also improved significantly year-on-year from € 1.2 million to € 5.3 million and earnings before interest and taxes (EBIT) from € -1.5 million to € 2.5 million.