HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first six months of 2022. At € 298.5 million, the Group's revenue in the reporting period was on a par with the first half of 2021 (previous year: € 296.3 million). However, this figure includes around € 18 million in material price increases in the Automotive division that were passed on with no effect on earnings; accordingly, value-added sales in the first six months of 2022 were lower than in the previous year. The decline in sales was mainly due to the Automotive and Intralogistics divisions, which were impacted by the effects of the Ukraine conflict and the COVID-19 pandemic as well as the associated delivery bottlenecks and project delays in the first half of 2022.