Press releases 2024

In the current issue of mittendrin shortly before Christmas, we give you exciting insights into how employees and managers think about the values of the HÖRMANN Group and how these are lived in everyday life. We also find out how colleagues work together as equals, take on responsibility, master their daily tasks with energy and shape the future with an innovative spirit. They report on how our values provide orientation and promote strong cooperation - an exchange within the HÖRMANN Group that keeps our values alive and carries them forward.

HÖRMANN Industries GmbH (corporate bond, ISIN: NO0012938325) today published its financial results for the first nine months of 2024. In the first three quarters, the HÖRMANN Group's revenue fell by 14.3% to € 487.2 million (previous year: € 568.6 million). The decline was mainly attributable to the Automotive and Intralogistics divisions, which were impacted by the weak economic development in Europe and Germany in particular and the associated uncertainty and reluctance to invest. As a result of the decline in sales, earnings before interest, taxes, depreciation and amortization (EBITDA) also fell from € 22.7 million to € 13.0 million and earnings before interest and taxes (EBIT) from € 13.8 million to € 3.1 million in the first nine months of 2024 compared to the same period of the previous year

The occupational health and safety of our employees is very important to us, even if it is often talked about far too little. With the current issue of mittendrin, we want to focus on these topics once again. Occupational safety specialists report on their daily activities to prevent accidents and protect our health. May this issue be a contribution to further improving awareness and daily behavior for more safety throughout the HÖRMANN Group: "Safety First!".

Sirens require maximum reliability as part of the critical infrastructure. HÖRMANN Warnsysteme, a leading manufacturer of siren warning systems, and SFC Energy AG ("SFC", F3C:DE, ISIN: DE0007568578), a leading provider of hydrogen and methanol fuel cells for stationary, portable and mobile hybrid power solutions, have launched a joint pilot project.

During a visit by District Administrator Robert Niedergesäß of the district of Ebersberg in Bavaria (CSU) and Mayor of Markt Kirchseeon Jan Paeplow, Johann Schmid-Davis (CFO) and Dr. Christian Baur (CTO) presented the HÖRMANN Group and its diverse Automotive, Communication, Intralogistics and Engineering divisions.

HÖRMANN Industries GmbH today published its financial results for the first half of 2024. In the first six months, the HÖRMANN Group's revenue fell by 12.1% to € 327.6 million (previous year: € 372.5 million). The decline was mainly due to the Automotive and Intralogistics divisions, which were impacted by the weak economic development in Germany and the associated uncertainty and reluctance to invest.

We are proud to say: HÖRMANN is a multicultural company; people with a migration background and foreigners are very welcome here. At the same time, we also issue a clear rejection to all those who question "cosmopolitanism" in our country or reject people with a migration background and foreigners. Take an active stand for an open-minded Germany - this will secure the future of our country and the HÖRMANN Group - and therefore our jobs and our prosperity!

HÖRMANN Automotive Wackersdorf GmbH has changed its name to HÖRMANN Systems Assembly GmbH due to a strategic realignment and will be integrated into the HÖRMANN "Communication" division. With this step, the company is strengthening its commitment in the areas of charging infrastructure, robotics, digital signage and other future markets.

Leon Eckert, member of the Bundestag, visited HÖRMANN Industries in Kirchseeon as part of his Bundesradler-Tour 2024. The visit focused on civil protection, an area in which Eckert is particularly involved. He was accompanied by a delegation from the Green parliamentary group on Kirchseeon local council, including Natalie Katholing, Bettina Moder and Manfred Drosta.

The Bavarian Mittelstand was honored yesterday by Minister of State Hubert Aiwanger during a festive ceremony at Schleißheim Palace. The HÖRMANN Group is very proud to be one of the 2024 "BAYERNS BEST 50" award winners and thus one of the top 50 medium-sized companies in Bavaria. This was emphasized by Anna Hörmann, who accepted the award together with CFO Johann Schmid-Davis.

HÖRMANN Industries GmbH (corporate bond, ISIN: NO0012938325) today published its financial results for the first three months of 2024. In the first quarter, the HÖRMANN Group generated revenue of € 165.6 million, slightly lower than in the same period of the previous year (€ 172.1 million). This was due in particular to the economic situation, which continued to be characterised by geopolitical, economic and industry-specific challenges in the 2024 financial year. In particular, the unexpectedly sharp decline in demand from the truck and agricultural machinery industry led to sales at HÖRMANN Automotive that were below plan and below the same quarter of the previous year. As a result of the year-on-year decline in sales, earnings before interest, taxes, depreciation and amortisation (EBITDA) also fell from € 5.3 million to € 4.0 million in the first quarter of 2024; earnings before interest and taxes (EBIT) fell from € 2.5 million to € 0.9 million.

At the end of 2023, HÖRMANN Vehicle Engineering GmbH (HVE) successfully completed a five-year project. This project was unique in its kind and differed significantly from previous development projects.

For the new plant in Parsdorf near Munich, KraussMaffei Technologies, the world's leading manufacturer of machines and systems for plastics and rubber processing, decided on a comprehensive restructuring of its entire intralogistics.

HÖRMANN Industries GmbH (corporate bond, ISIN: NO0012938325) today published its annual financial statements for 2023. In the 2023 financial year, the HÖRMANN Group generated revenue of € 830.9 million (previous year: € 685.7 million) and earnings before interest and taxes (EBIT) of € 30.7 million (previous year: € 23.7 million). All four divisions recorded strong sales growth and contributed to the positive annual result. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 44.5 million (previous year: € 35.3 million) despite the difficult economic conditions. The 2023 financial year closed with a consolidated net profit of € 9.5 million (previous year: € 12.2 million).

Shorter waiting times at security checkpoints, greater passenger satisfaction and lower staffing levels - with SECTRO, BEUMER Group and HÖRMANN Klatt Conveyors are introducing a new, innovative solution for hand baggage screening at airports. The two companies have joined forces as part of a strategic partnership to successfully launch SECTRO on the market in the course of 2025.

With effect from 15 March 2024, Dr. Jürgen Lechler will join the Management Board of HÖRMANN Automotive GmbH and thus take over the management of the HÖRMANN Automotive division.

HÖRMANN Automotive is one of the most popular employers in Germany and ranks 13th in the "Automotive and Suppliers" sector

With the installation of the 1,000th AutoStore® robot at Christ Packing Systems in Ottobeuren, HÖRMANN Intralogistics is celebrating another milestone in its success story with more than 50 AutoStore® solutions implemented to date.

We have great news to celebrate - we have been officially recognized as a Kununu Top Company!

The Funkwerk Group is growing: it is taking over Elektrotechnik und Elektronik Oltmann GmbH from Berlin, a specialist for passenger information systems in regional rail transport.