HÖRMANN Industries GmbH (corporate bond, ISIN: NO0012938325) has published its financial results for the first half of 2026. Overall, the HÖRMANN Group performed steadily in the first six months, despite a continuing challenging economic environment. Revenue of €336.7 million was generated, slightly above the prior-year level (prior year: €335.2 million).
Gross profit decreased by €3.3 million to €167.5 million. This was primarily due to a €13.4 million increase in cost of materials to €190.4 million (previous year: €177.0 million), while changes in inventory rose by €9.2 million to €21.1 million (previous year: €11.9 million). Earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased in the first half of 2026 from €18.6 million to €15.4 million; earnings before interest and taxes (EBIT) amounted to €8.5 million (prior year: €12.3 million). In particular, higher material costs resulting from a changed product and service mix, as well as the high backlog of projects already underway, weighed on operating earnings.
Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH: “We continued to keep the HÖRMANN Group on a stable course in the first half of the year. For the time being, we will likely have to get used to the fact that high economic uncertainty is the new normal. We are very pleased that our company continues to stand on a very solid financial footing, with net cash and cash equivalents of €53.1 million and a comfortable financing structure.”
