Hörmann Industries GmbH / NO0012938325

HÖRMANN Industries exceeds sales and earnings forecast for the past financial year 2023 according to preliminary figures

EQS-Ad-hoc: Hörmann Industries GmbH / Key word(s): Change in Forecast/Preliminary Results


20-March-2024 / 18:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Kirchseeon, March 20, 2024 - According to preliminary figures, HÖRMANN Industries GmbH (corporate bond, ISIN NO0012938325) exceeds its sales and earnings forecast for the past financial year 2023. Based on preliminary figures, the Group generated consolidated sales of around € 830 million in 2023 (2022: € 685.7 million), operating earnings before interest, taxes, depreciation and amortization (operating EBITDA) adjusted for non-recurring effects of around € 42 million (2022: € 35.3 million) and adjusted operating earnings before interest and taxes (operating EBIT) of around € 29 million (2022: € 23.7 million). The forecast specified on November 30, 2023 for total sales (€ 730 million to € 770 million), adjusted operating EBITDA (€ 34 million to € 36 million) and adjusted operating EBIT (at the previous year's level) will therefore be exceeded. Operating EBITDA and operating EBIT were adjusted for a non-recurring expense of around € 7 million from the sale of the loss-making HÖRMANN Automotive Eislingen GmbH, which was completed as of November 1, 2023. In addition to inflation-related price increases, the growth in sales is attributable to significantly higher production volumes in the Automotive division and the conclusion of multi-year project orders, primarily in the Communication and Intralogistics divisions. In terms of earnings growth, HÖRMANN Industries also benefited from higher-than-expected demand in the fourth quarter of 2023. The final consolidated financial statements of HÖRMANN Industries GmbH for the 2023 financial year will be published on April 30, 2024.   Contact: HÖRMANN Industries GmbH
Main street 45-47
D-85614 Kirchseeon
T [phone]
F [phone]
[e-mail]   Financial and business press: IR.on AG
Frederic Hilke
T [phone]
[e-mail]

End of Inside Information

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20-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Hörmann Industries GmbH
	Hauptstr. 45-47
	85614 Kirchseeon
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.hoermann-gruppe.com
ISIN:	NO0012938325
WKN:	A351U9
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1863559

End of Announcement	EQS News Service

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1863559  20-March-2024 CET/CEST