HÖRMANN Industries GmbH (corporate bonds, WKN: A2TSCH and A351U9) today published its financial results for the first half of 2023. In the first six months, the HÖRMANN Group generated revenue of € 372.5 million, a significant increase of € 74.0 million compared to the same period of the previous year (€ 298.5 million). In the reporting period, the Group benefited from the noticeable recovery in the commercial vehicle industry and inflation-related price increases. The first half of 2022 was impacted by the outbreak of war in Ukraine and the associated supply bottlenecks and production interruptions. As a result of the stabilized business situation, earnings before interest, taxes, depreciation and amortization (EBITDA) also improved significantly in the first half of 2023 compared to the same period of the previous year, rising from € 6.4 million to € 15.1 million and earnings before interest and taxes (EBIT) from € 0.5 million to € 9.2 million.

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.

In the current issue of "mittendrin", we want to give you an insight into the HÖRMANN Group's digitalization strategy, present some examples of projects and show you the HÖRMANN Group's path to becoming a more digitalized company. In doing so, it is particularly important to us to introduce the many employees who work hard every day to enable us to do our work digitally using complex information technology.

HÖRMANN Vehicle Engineering provides mechanical design, technical calculation, software specification and functional system electrics for Vossloh Rolling Stock.