Pressemeldungen 2016

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.

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.

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.

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

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.

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.

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.