HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first nine months of 2022. In the reporting period, the Group's turnover increased from € 430.0 million to € 470.7 million compared to the same period of the previous year. However, the increase in turnover was mainly due to inflation-related price increases. For example, sales in the Automotive division alone (9M 2022: € 288.7 million) include almost € 30 million from material price increases that were passed on without affecting earnings. At € 117.7 million, sales in the Communication division were on a par with the previous year (9M 2021: € 120.0 million). As a result of the establishment of the new Intralogistics division, all companies from the former Services division and the subsidiaries HÖRMANN Logistik GmbH, Klatt Fördertechnik GmbH, HÖRMANN Logistik Polska Sp. z o.o. and HÖRMANN Logistik Systeme GmbH from the Engineering division were integrated into the new division. With sales revenue of € 15.1 million, excluding the aforementioned subsidiaries, the Engineering division is slightly below the first three quarters of the 2021 financial year (9M 2021: € 16.7 million, as-if). The new Intralogistics division generated revenue of € 49.2 million in the reporting period (9M 2021: € 39.6 million, as-if).