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An investment decision regarding bonds of Hörmann Industries GmbH must be made exclusively on the basis of a securities prospectus, which is published on this page under the heading "Bond 2023/2028".

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The bond 2023/2028 of HÖRMANN Industries GmbH with a volume of EUR 50 million carries an interest rate of 7.00% and a term of five years.

Below you will find a term sheet of the bond 2023/2028 as well as a Q&A catalog with further information on the new bond of the HÖRMANN Group.

Bond 2023/2028

Issuer

HÖRMANN Industries GmbH

WKN / ISIN

A351U9 / NO0012938325

Issue volume

EUR 50 million

Interest rate (coupon) 7.0 %

Interest payment

Annually, first on 11 July 2024

Term

5 years

Denomination

EUR 1,000

Issue/Value date

11 July 2023

Issue/Redemption price

Nominal amount (100%)

Maturity

11 July 2028

Use of proceeds

Refinancing of outstanding corporate bond 2019/2024, general corporate purposes

Company rating BB/Stable, Scope Ratings GmbH
Obligations and covenants Quarterly reporting and other standard covenants (incl. debt limit, negative pledge, change of control, etc.)
Trustee Nordic Trustee AS
Stock exchange segments
  • Open Market of Frankfurt Stock Exchange
  • Nordic ABM (open market) of Oslo Stock Exchange within 6 month from initial issue date
Documents 

Securities Prospectus

PrICE AND Volume Fixing notice

Questions & Answers to the New Bond 2023 / 2028

What are the most important features of the bond 2023/2028?

The bond 2023/2028 of Hörmann Industries GmbH is a fixed-interest security with a target volume of a total nominal amount of EUR 50 million. The bond has a term of five years and carries a coupon of  7.00% p.a., which will be paid annually in arrears on June 11 (first on June 11 2024).

After the end of the term, the bond will be repaid to the bondholder on July 11 2028 at the nominal amount (100%) plus accrued interest. The bond is listed on the Open Market of the Frankfurt Stock Exchange and will be listed in the Nordic ABM segment of the Oslo Stock Exchange within 6 months from the issue date.

Is the bond be traded on the stock exchange?

Yes, the bond 2023/2028 (ISIN NO0012938325) is traded on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange. Listing in the Nordic ABM segment of the Oslo Stock Exchange is planned within 6 months from the issue date.

What is the issue volume of the bond 2023/2028?

The publicly offered notes of the bond 2023/2028 have a nominal target volume of EUR 50 million.

What is the interest rate of the bond 2023/2028?

The interest rate is 7.00% p.a. and interest is paid annually in arrears on July 11 of each year (for the first time on July 11, 2024).

May the issuer call the bond 2023/2028 early?

The issuer is entitled to call the bond 2023/2028 early in part or in full at certain defined times.

For further information, please refer to the terms and conditions of the bond in the Securities Prospectus.

Is there a rating?

The issuer has a BB/Stable rating from Scope Rating GmbH.

The current rating can be found in theFinancial Reports” section under “Rating”.

GO tO THE RATING Section

 

Where can I get more information about the new bond 2023/2028?

More detailed information can be found in the securities prospectus dated June 14, 2023. We are also happy to answer your questions by phone via +49 221-914 097 0 or by e-mail via hoermann@ir-on.com.

HÖRMANN Group publishes consolidated interim report 2023

HÖRMANN Group publishes consolidated interim report 2023

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.

HÖRMANN Industries publishes Sustainability Report 2022

HÖRMANN Group publishes Sustainability Report 2022

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 Group publishes annual report 2022

HÖRMANN Group publishes annual report 2022

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).

Hoermann in the middle of digital

HÖRMANN magazine "mittendrin" with focus: We work digital

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.

 

Hoermann Magazine in the thick of it Employees

HÖRMANN magazine "mittendrin" with focus: Attracting and retaining employees

Another year with many new challenges is drawing to a close. We would like to take this opportunity to thank all our employees and management colleagues for their hard work and outstanding achievements. We wish you a happy and relaxing Christmas season and a good start to a hopefully peaceful and calmer New Year.

Hoermann in the thick of it Social Media

HÖRMANN magazine "mittendrin" with focus: Networking on social media

In this issue of "mittendrin", we present the HÖRMANN Group's social media strategy and our new internal communication platform "MyHÖRMANN". We want to offer you a modern, lively experience that makes life and work at HÖRMANN tangible every day and that brings the people in the HÖRMANN Group closer together and connects them in a network.

HÖRMANN Engineering: New impetus at Busworld

HÖRMANN Engineering: New impetus at Busworld

HÖRMANN Vehicle Engineering GmbH cultivates relationships, makes contacts and gathers new ideas at Busworld.

HÖRMANN: VacuTec helps Sonnenstrahl e.V.

HÖRMANN: VacuTec helps Sonnenstrahl e.V.

VacuTec supports Sonnenstrahl e.V. in helping families and their children suffering from cancer.

 

HÖRMANN Communication: ÖKOPROFIT Munich project

HÖRMANN Communication: ÖKOPROFIT Munich project

With ÖKOPROFIT, HÖRMANN Kommunikation & Netze GmbH is preparing for certification in accordance with ISO 14001.

 

HÖRMANN Automotive: Plant fire department practices rescue on a press

HÖRMANN Automotive: Plant fire department practices rescue on a press

Rapid and problem-free rescue operations on the plant fire department's training days.

 HÖRMANN Intralogistics: HÖRMANN Intralogistics wins next AutoStore® project

HÖRMANN Intralogistics wins next AutoStore® project

HÖRMANN Intralogistics implements new AutoStore® grid for Christ Packing Systems GmbH.

 

HÖRMANN Intralogistics presents pioneering storage and picking solutions for the e-grocery sector.

HÖRMANN Intralogistics: New standards in e-grocery storage and picking

HÖRMANN Intralogistics presents pioneering storage and picking solutions for the e-grocery industry

 

HÖRMANN Vehicle Engineering (HVE) provides financial and knowledge support for the student racing teams at Chemnitz University of Technology and Mittweida University of Applied Sciences.

HÖRMANN Vehicle Engineering in racing fever - Committed to students

Financial and knowledge support for the student racing teams at Chemnitz University of Technology and Mittweida University of Applied Sciences from HÖRMANN Vehicle Engineering (HVE)

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HÖRMANN Communication: HÖRMANN warning systems - Sirens for Heilbronn

HÖRMANN Communication: HÖRMANN warning systems - Sirens for Heilbronn

HÖRMANN Warnsysteme installs siren network for Heilbronn

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HÖRMANN Engineering: Latest developments at the Trako

HÖRMANN Engineering: Latest developments at the Trako

Funkwerk AG and HÖRMANN Vehicle Engineering GmbH present themselves at Trako in Poland.

 

HÖRMANN Communication: Several new framework agreements for Funkwerk

HÖRMANN Communication: Several new framework agreements for Funkwerk

Funkwerk AG has been awarded several major contracts in the field of passenger information systems.

 

HÖRMANN Automotive improves its environmental performance with an environmental audit.

HÖRMANN Automotive: Environmental audit confirmed

HÖRMANN Automotive improves its environmental performance with an environmental audit

.

HÖRMANN Automotive: Skoda is a new customer of HÖRMANN Vehicle Engineering

HÖRMANN Automotive: Skoda is a new customer of HÖRMANN Vehicle Engineering

Skoda Transportation commissions HÖRMANN Vehicle Engineering to develop bogies for the Kassel streetcar system

 

Hoermann in the thick of it Commitment

HÖRMANN magazine "mittendrin" with focus: We are committed!

In this issue of mittendrin for Christmas 2023, we report on the social responsibility of the HÖRMANN Group and its subsidiaries as well as on the diverse social and voluntary commitments of employees.

HÖRMANN COMMUNICATION Funkwerk Security Solutions - Expansion of the Security division

HÖRMANN Communication: Funkwerk Security Solutions - Expansion of the Security division

Funkwerk video systeme GmbH and Funkwerk vipro.sys GmbH merge to form Funkwerk Security Solutions GmbH.

HÖRMANN INTRALOGISTICS: HÖRMANN Intralogistics implements fully automated storage system for Hoval

HÖRMANN Intralogistics: Realization of a fully automated storage system for Hoval

HÖRMANN Intralogistics implements automated logistics and storage system for heat pumps with Hoval in Slovakia

 

HÖRMANN ENGINEERING: eTruckPro - HÖRMANN Rawema participates in research project

HÖRMANN Engineering: eTruckPro - HÖRMANN Rawema participates in research project

The eTruckPro research project focuses on the transition to more climate-friendly commercial vehicles.

HÖRMANN ENGINEERING: Shaping the mobility of the future together - sustainable, green and innovative!

HÖRMANN Engineering: Shaping the mobility of the future together - sustainable, green and innovative!

HÖRMANN Vehicle Engineering (HVE) is a development partner for eVersum mobility solutions for future shuttle generations.

 

https://www.hoermann-gruppe.com/de/news/pressemeldung/hoermann-gruppe-richtfest-stade-neues-gebaeude-fuer-hoermann-warnsysteme

HÖRMANN Group: Topping-out ceremony in Stade - new building for HÖRMANN warning systems

Fitting-out ceremony for new building for HÖRMANN Warnsysteme in Stade

HÖRMANN AUTOMOTIVE: New customer in the construction machinery sector

HÖRMANN Automotive: New customer in the construction machinery sector

HÖRMANN is now supplying press parts for the number one mini excavator KUBOTA.

 

HÖRMANN INTRALOGISTICS: Martini Sportswear in Annaberg creates more added value with AutoStore®

HÖRMANN Intralogistics: Martini Sportswear in Annaberg creates more added value with AutoStore®

Martini, the supplier of high-quality outdoor clothing, optimizes its picking dynamics with the proven AutoStore® system.

 

Hoermann in the middle of learning worlds

HÖRMANN magazine "mittendrin" with a focus on learning environments

Lifelong learning is the key to the long-term success of all companies and to keeping our jobs, because the world around us is evolving faster and faster, because customer needs, technologies and working methods are constantly evolving. New and ever-improving software systems, digitalization and artificial intelligence are just a few examples that will profoundly change our world in the coming years.

Half-year report

HÖRMANN Group publishes half-year report 2023

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.

Hoermann in the middle of it all Customers

HÖRMANN magazine "mittendrin" with focus: Close to the customer

In the current issue of our "Close to the customer" magazine, we provide an insight into the daily work of selected sales employees, what motivates them and what drives them. Which elements are important for a positive customer experience, the so-called "customer journey"? What is the best way to maintain and document the many customer relationships? And how important are networks?

Hoermann bond

HÖRMANN Group has successfully placed a new bond 2023/2028

The HÖRMANN Group has successfully placed its new corporate bond with a total volume of € 50 million.

HÖRMANN Digital develops siren monitoring software for HÖRMANN warning systems

HÖRMANN Digital develops siren monitoring software for HÖRMANN warning systems

HÖRMANN presents siren monitoring software at the INTERSCHUTZ trade fair in Hanover

 

AUTOMOTIVE: Frame side members for fire engines in Dubai

HÖRMANN Automotive: Frame side members for fire engines in Dubai

HÖRMANN Automotive manufactures vehicle-specific longitudinal frame members for the ARFF in Dubai.

 

HÖRMANN Group: Exciting insights at the scholarship holder day

HÖRMANN Group: Exciting insights at the scholarship holder day

Every year, the Hans HÖRMANN Foundation supports students at the Technical University of Munich (TUM) as part of theDeutschlandstipendium. HÖRMANN introduces itself at the Scholarship Holders' Day.

HÖRMANN ENGINEERING: Energy-efficient refurbishment of a cultural monument

HÖRMANN Engineering: Energy-efficient refurbishment of a cultural monument

HÖRMANN BauPlan has been commissioned with the energy-efficient refurbishment of the listed Saxony State Directorate.

HÖRMANN Group: FIGURES, DATA, FACTS but above all lots of fun at the Finance Day in Würzburg

HÖRMANN Group: FIGURES, DATA, FACTS but above all lots of fun at the Finance Day in Würzburg

In addition to figures, data and facts, the Finance Day in Würzburg was above all a lot of fun.

HÖRMANN AUTOMOTIVE: Digitalization along the production processes

HÖRMANN Automotive: Digitalization along the production processes

HÖRMANN Automotive in St. Wendel has set out on the path towards Industry 4.0 with digitalization along the production processes.

INTRALOGISTICS: AutoStore® for bottle mail

HÖRMANN Intralogistics: AutoStore® for flaschenpost

HÖRMANN implements micro-fulfillment project for a new logistics building for flaschenpost.

 

HÖRMANN Group publishes consolidated interim report 2023

HÖRMANN Group publishes consolidated interim report 2023

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.

HÖRMANN Industries publishes Sustainability Report 2022

HÖRMANN Group publishes Sustainability Report 2022

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 Group publishes annual report 2022

HÖRMANN Group publishes annual report 2022

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).

Hoermann in the middle of digital

HÖRMANN magazine "mittendrin" with focus: We work digital

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 Automotive: Enclosures for charging stations

HÖRMANN Automotive: Enclosures for charging stations

Stainless steel charging station housing for the professional premium segment from Alpitronic.

HÖRMANN Intralogistics: Fully automated AutoStore® system for Multivac Sepp Haggenmüller SE & Co. KG

HÖRMANN Intralogistics: Fully automated AutoStore® system for Multivac Sepp Haggenmüller SE & Co. KG

Order from MULTIVAC for fully automated AutoStore® system

Hörmann Intralogistics: HÖRMANN Klatt Conveyors

HÖRMANN Intralogistics: Klatt Conveyors

The change of name from Klatt Fördertechnik GmbH to HÖRMANN Klatt Conveyors illustrates the growing together as part of the HÖRMANN Group to the outside world.

 

HÖRMANN Intralogistics: New intralogistics solution for Windhager

HÖRMANN Intralogistics: New intralogistics solution for Windhager

HÖRMANN Intralogistics impresses with its resilient solution concept and receives order to implement the intralogistics system from Windhager.

Dr. Falk Herrmann has been a member of the Executive Board of Funkwerk AG alongside Kerstin Schreiber since February.

HÖRMANN Communication: Second board member at Funkwerk

Since February, Dr. Falk Herrmann has been a member of the Executive Board of Funkwerk AG alongside Kerstin Schreiber.

 

HÖRMANN Communication: Sirens for the mountain town of Bad Reichenhall

HÖRMANN Communication: Sirens for the mountain town of Bad Reichenhall

HÖRMANN Warnsysteme installs a new siren warning system in Bad Reichenhall

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HÖRMANN Intralogisitcs: HÖRMANN Energy Solutions

HÖRMANN Intralogistics: Energy Solutions

HÖRMANN Energy Solutions occupies a special position within the HÖRMANN Group in the booming photovoltaic business with its focus on end consumers.

 

HÖRMANN Engineering: HÖRMANN Vehicle Engineering works for Vossloh Rolling Stock

HÖRMANN Engineering: Vehicle Engineering works for Vossloh Rolling Stock

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

 

Hörmann communication action: Significantly more sirens again

HÖRMANN Communication: Significantly more sirens again

Federal and state governments step up expansion of the nationwide siren network

 

HÖRMANN Intralogistics: New intralogistics solution for Windhager

HÖRMANN Intralogistics: New intralogistics solution for Windhager

HÖRMANN Intralogistics impresses with its resilient solution concept and receives order to implement the intralogistics system from Windhager.