Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH: "We felt the effects of the difficult economic conditions and the reluctance to invest in the first nine months of 2024. We are in times of stagnation and the challenges for the HÖRMANN Group are correspondingly great. Nevertheless, we are confident about the future, as our diversification strategy continues to offer good stability for the entire HÖRMANN Group and provides a solid basis for further investments."

Forecast for the full year 2024 confirmed

HÖRMANN Industries GmbH confirms its forecast adjusted at the end of May 2024 and, taking into account and evaluating the current production figures from the truck industry and the current order situation, continues to expect total revenue at Group level of between € 680 million and € 700 million in 2024 (2023: € 830.9 million). Positive earnings before interest and taxes (EBIT) of between € 16 million and € 20 million (2023: € 30.7 million) are forecast for the operating business. The forecast is based on the assumption that the overall economic situation does not deteriorate further in the course of the fourth quarter of 2024.

The interim Group report for the period from January 1 to September 30, 2024 of HÖRMANN Industries GmbH is available at https://www.hoermann-gruppe.com/en/investor-relations/financial-reports/financial-publications