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.

The HÖRMANN Group has published its Sustainability Report 2022. The voluntary preparation of this comprehensive report in accordance with the international guidelines of the Global Reporting Initiative (GRI standard) underlines the long-term orientation of HÖRMANN Industries.

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH/ISIN: NO0010851728) today published its annual financial statements for 2022. In the 2022 financial year, the HÖRMANN Group generated revenue of € 685.7 million (previous year: € 589.8 million) and earnings before interest and taxes (EBIT) of € 23.7 million (previous year: € 30.0 million). The Automotive and Communication divisions and the Intralogistics division, which was established last year, recorded strong increases in sales in some cases, although in the Automotive division this was partly due to the fact that inflationary increases in the price of materials were passed on without affecting earnings. Despite the difficult economic conditions, earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 35.3 million (previous year: € 45.3 million). The 2022 financial year closed with a consolidated net profit of € 12.2 million (previous year: € 14.4 million).