HÖRMANN Industries publishes interim report for the first quarter of 2025: stable start to the financial year

HÖRMANN Industries publishes interim report for the first quarter of 2025: stable start to the financial year

• Operating result slightly improved compared to previous year despite decline in sales: sales of EUR 150.8 million (previous year: EUR 165.6 million), EBITDA of EUR 4.3 million (previous year: EUR 4.0 million) and EBIT of EUR 1.1 million (previous year: EUR 0.9 million)
• Overall economic conditions nevertheless remain challenging at the start of the year, particularly in the Automotive division
• HÖRMANN Industries GmbH forecast for the full year 2025 confirmed

Kirchseeon, 30 May 2025 - HÖRMANN Industries GmbH (corporate bond, ISIN: NO0012938325) today published its financial results for the first three months of 2025. Accordingly, the HÖRMANN Group has made a stable start to the 2025 financial year and generated sales of EUR 150.8 million in the first quarter (previous year: EUR 165.6 million). The measures initiated by HÖRMANN to improve earnings continued to have an effect at the start of 2025: despite the year-on-year decline in sales, earnings before interest, taxes, depreciation and amortisation (EBITDA) increased slightly from EUR 4.0 million to EUR 4.3 million in the first quarter of 2025; earnings before interest and taxes (EBIT) also rose from EUR 0.9 million to EUR 1.1 million.

However, the industry-specific conditions remain challenging, particularly in the Automotive division, which recorded a significant decline in sales in the reporting period as a result of the drop in volumes at various major customers. The HÖRMANN Group also continues to feel the effects of its customers' reluctance to invest in the Intralogistics division as a result of the generally high level of uncertainty. By contrast, the Communication division was once again able to significantly increase its sales in the first three months of 2025.

Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH: "The first quarter of 2025 continued to be characterised by trade, geopolitical, economic and industry-specific challenges. Nevertheless, there were also positive signs for our business in the first three months: the operating result increased year-on-year despite the decline in sales. This is a clear sign that our comprehensive programme of measures to improve earnings is taking effect. Despite all the risks in the global economy and geopolitics, we are confident about 2025 and continue to expect stable development for the HÖRMANN Group."

Forecast for the full year 2025 confirmed

HÖRMANN Industries GmbH continues to expect total sales of between EUR 690 million and EUR 720 million in 2025 (2024: EUR 678.9 million) after evaluating the current order situation and confidently assessing the business development of the individual divisions. The HÖRMANN Group is forecasting EBIT of between EUR 21 million and EUR 23 million (2024: EUR 24.3 million). However, the outlook for HÖRMANN Industries depends largely on further geopolitical developments and their impact on the global economy.

The consolidated interim report for the period from 1 January to 31 March 2025 of HÖRMANN Industries GmbH is available at https://www.hoermann-gruppe.com/en/investor-relations/financial-reports/financial-publications.

Selected key financial figures of HÖRMANN Industries GmbH (in EUR million)
 

¹ Sales plus change in inventories and other own work capitalised
² Consolidated net income before depreciation and amortisation, financial result, and income taxes
³ Consolidated net profit for the year before financial result, and income taxes
⁴ Inventories plus trade receivables less trade payables
⁵ Bank balances less liabilities to banks
⁶ Average number for the period not including trainees

Contact:

HÖRMANN Industries GmbH
Hauptstraße 45-47
D-85614 Kirchseeon
T +49 8091 5630 0
F +49 8091 5630 195
info@hoermann-gruppe.com

Financial and business press:

IR.on AG
Frederic Hilke
T +49 221 9140 970
hoermann@ir-on.com

About the HÖRMANN Group

Since the company was founded in 1955, the HÖRMANN Group has grown steadily. Under the umbrella of HÖRMANN Holding GmbH & Co KG, around 30 subsidiaries operate in the Automotive, Communication, Engineering and Intralogistics business divisions with a high level of entrepreneurial initiative and independence. The aim of the HÖRMANN Group is to provide customers with specific solutions and services that offer economic advantages and a high level of customer benefit. To achieve this, the HÖRMANN Group, with around 2,930 highly qualified employees, uses its entire broadly diversified and networked knowledge from a wide range of technological fields.

www.hoermann-gruppe.com