from Hörmann Industries GmbH (isin : NO0012938325)
EQS-Adhoc: 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
HÖRMANN Industries exceeds sales and earnings forecast for the past financial year 2023 according to preliminary figures
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.
HÖRMANN Industries exceeds sales and earnings forecast for the past financial year 2023 according to preliminary figures
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 +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
End of Inside Information
20-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Hörmann Industries GmbH |
| Hauptstr. 45-47 | |
| 85614 Kirchseeon | |
| Germany | |
| Phone: | +49 8091 5630-0 |
| Fax: | +49 8091 5630-195 |
| E-mail: | info@hoermann-gruppe.com |
| 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 |
1863559 20-March-2024 CET/CEST