HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2016 Annual Report in which it confirms the preliminary figures announced in late April. In the 2016 financial year, sales increased from EUR 435.4 million to EUR 464.6 million and EBIT improved from EUR 11.9 million to EUR 16.9 million. The pro rata first-time consolidation of Funkwerk AG and VacuTec Messtechnik GmbH in the fourth quarter of 2016 in particular delivered sales and earnings contributions that were higher than predicted. The company also recorded higher than expected organic growth. Consolidated net income after taxes increased from EUR 6.2 million to EUR 11.2 million.

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its half-yearly financial statements for 2017. Sales increased by 16.2% year-on-year to EUR 240.9 million in the first six months of 2017 (H1 2016: EUR 207.2 million). EBIT improved by 26.5% to EUR 4.3 million. Compared with the same period of the previous year, this sales and earnings development was driven by organic growth as well as the first-time consolidation of Funkwerk AG and VacuTec Meßtechnik GmbH, majority interests in which were acquired in the fourth quarter of 2016. Net income for the first half of the year also improved significantly from EUR 0.3 million to EUR 1.9 million.

Kirchseeon-based HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has signed an agreement with Leadec Engineering GmbH, Chemnitz, on the acquisition of its Development Road and Rail, excluding Prototyping (Engineering) division. The agreement involves the HÖRMANN Group acquiring the division’s business operations and all tangible and intangible assets from Leadec Engineering GmbH as well as around 110 employees at the Chemnitz, Dresden, Dessau and Munich sites, most of them highly skilled engineers and designers. The agreement will come into effect subject to individual conditions including anti-trust approval.

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has signed an agreement with the MAT Maschinen- und Automationstechnik GmbH Group, Salzgitter, on the acquisition of its three operating subsidiaries MAT Maschinentechnik GmbH, MAT Automationstechnik GmbH and MAT Industrieservice GmbH. The agreement involves the HÖRMANN Group integrating the three companies into the Services segment as separate companies as well as around 130 employees at the Salzgitter site, most of them highly qualified engineers and technicians. The agreement will come into effect subject to individual conditions including anti-trust approval.

In December 2017, the Advisory Board of HÖRMANN Holding GmbH & Co. KG appointed long-standing authorised signatory and CFO Johann Schmid-Davis to the management of the holding company. He will support CEO Michael Radke as part of a two-person management team. HÖRMANN Holding is the parent company of the HÖRMANN Group, whose operating activities are bundled in HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG).

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has presented its preliminary figures for the past financial year. The group, which incorporates the operating subsidiaries of the HÖRMANN Group and had an average of 2,825 employees in the 2017 financial year, generated consolidated sales of EUR 521.9 million (previous year: EUR 464.6 million) and EBIT of around EUR 14.9 million (previous year: EUR 16.9 million). Consolidated income after interest and taxes amounted to around EUR 9.1 million (previous year: EUR 11.2 million). This meant the Group exceeded its sales and earnings forecasts for the 2017 financial year of EUR 510 million and EUR 13 million, respectively. HÖRMANN Industries benefited from the positive macroeconomic conditions and the resulting healthy order situation.

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2017 Annual Report in which it confirms the preliminary figures announced on 26 April. Sales increased from EUR 464.6 million to EUR 521.9 million in the 2017 financial year, while EBIT amounted to EUR 14.9 million (previous year: EUR 16.9 million). This meant the sales and earnings forecasts for the reporting period were exceeded. Consolidated income after interest and taxes amounted to EUR 9.1 million (previous year: EUR 11.2 million).

HÖRMANN Group is demonstrating the synergies created by its capabilities – particularly its Automotive and Engineering divisions – at the 2018 IAA Commercial Vehicle Show. The innovative integral chassis concept, which HÖRMANN Group is showcasing for the first time, is designed specifically to be used with alternative drive systems and pursues a lightweight structural approach that reflects the cost sensitivity of the transport industry in particular, as well as the vehicle design requirements of electric light commercial vehicles.

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its half-yearly financial statements for 2018. The company recorded sales and earnings growth in the first six months of 2018. Sales increased by 19.2% year-on-year to EUR 287.1 million in the first six months of 2018 (H1 2017: EUR 240.9 million). Earnings before interest and taxes (EBIT**) rose by 83.3% to EUR 7.9 million (H1 2017: EUR 4.3 million). This growth was driven by positive development in all four segments. Consolidated net income also improved from EUR 1.9 million (H1 2017) to EUR 4.3 million.

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2018 annual financial statements. In the 2018 financial year, sales increased from EUR 521.9 million (2017) to EUR 624.1 million, while EBITDA rose by around 53% year-on-year to EUR 41.8 million. Operating EBIT improved by 45% to EUR 30.5 million (previous year: EUR 21.1 million). This meant the sales and earnings forecasts that were upwardly revised in September 2018 were exceeded. HÖRMANN Industries closed the 2018 financial year with consolidated net income of EUR 14.6 million, up 60.4% on the previous year (EUR 9.1 million), with all four segments making a positive earnings contribution. The Group’s equity base improved from EUR 99.6 million at the end of the previous year to EUR 112.8 million at 31 December 2018 thanks to the positive results of operations. The equity ratio increased from 35.1% (31 December 2017) to 38.3% at the reporting date, while net cash and cash equivalents amounted to EUR 77.3 million. Total assets rose by EUR 11.3 million to EUR 294.7 million as a result of the higher level of current assets. Excluding trainees, the company had an average of 3,175 employees in the reporting period, up 12.4% compared with 2017.