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.