Hoermann in the middle of it all Customers

HÖRMANN magazine "mittendrin" with focus: Close to the customer

In the current issue of our "Close to the customer" magazine, we provide an insight into the daily work of selected sales employees, what motivates them and what drives them. Which elements are important for a positive customer experience, the so-called "customer journey"? What is the best way to maintain and document the many customer relationships? And how important are networks?

Hoermann bond

HÖRMANN Group has successfully placed a new bond 2023/2028

The HÖRMANN Group has successfully placed its new corporate bond with a total volume of € 50 million.

Technology specialist HÖRMANN Industries GmbH is broadly diversified with four business divisions (Automotive, Communication, Intralogistics and Engineering) and more than 30 subsidiaries. In the 2022 financial year, HÖRMANN Industries generated consolidated sales revenues of around EUR 686 million and employed approx. 2,876 employees. EBITDA amounted to EUR 35.3 million, while operating EBIT came in at EUR 23.7 million.

Investment Highlights of the HÖRMANN Group

The HÖRMANN Group stands for management continuity and reliability in forecasts and strategic decisions and thus enjoys great trust among its stakeholders.

The broad diversification across four business divisions – Automotive, Communication, Engineering and Intralogistics – gives the company great resilience and stability, as reflected in the success of recent years.

Building on its stable business model, the HÖRMANN Group has effectively used the past years to occupy new growth segments and to increase the Group’s long-term profitability.

The company’s strategy is currently focused on expanding the Communication and Intralogistics divisions, which cover important future topics along the megatrends that are relevant to the Group and offer high growth potential.

Over the past years, HÖRMANN Industries GmbH has established itself as a reliable and respected capital market player. The bond 2023/2028 offers investors the opportunity to secure an interest rate between 6.5% and 7.5% p.a.
 

 

To the information on the Bond 2023/2028    

 

The bond 2023/2028 of HÖRMANN Industries GmbH with a volume of EUR 50 million carries an interest rate of 7.00% and a term of five years.

Below you will find a term sheet of the bond 2023/2028 as well as a Q&A catalog with further information on the new bond of the HÖRMANN Group.

Bond 2023/2028

Issuer

HÖRMANN Industries GmbH

WKN / ISIN

A351U9 / NO0012938325

Issue volume

EUR 50 million

Interest rate (coupon) 7.0 %

Interest payment

Annually, first on 11 July 2024

Term

5 years

Denomination

EUR 1,000

Issue/Value date

11 July 2023

Issue/Redemption price

Nominal amount (100%)

Maturity

11 July 2028

Use of proceeds

Refinancing of outstanding corporate bond 2019/2024, general corporate purposes

Company rating BB/Stable, Scope Ratings GmbH
Obligations and covenants Quarterly reporting and other standard covenants (incl. debt limit, negative pledge, change of control, etc.)
Trustee Nordic Trustee AS
Stock exchange segments
  • Open Market of Frankfurt Stock Exchange
  • Nordic ABM (open market) of Oslo Stock Exchange within 6 month from initial issue date
Documents 

Securities Prospectus

PrICE AND Volume Fixing notice

Questions & Answers to the New Bond 2023 / 2028

What are the most important features of the bond 2023/2028?

The bond 2023/2028 of Hörmann Industries GmbH is a fixed-interest security with a target volume of a total nominal amount of EUR 50 million. The bond has a term of five years and carries a coupon of  7.00% p.a., which will be paid annually in arrears on June 11 (first on June 11 2024).

After the end of the term, the bond will be repaid to the bondholder on July 11 2028 at the nominal amount (100%) plus accrued interest. The bond is listed on the Open Market of the Frankfurt Stock Exchange and will be listed in the Nordic ABM segment of the Oslo Stock Exchange within 6 months from the issue date.

Is the bond be traded on the stock exchange?

Yes, the bond 2023/2028 (ISIN NO0012938325) is traded on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange. Listing in the Nordic ABM segment of the Oslo Stock Exchange is planned within 6 months from the issue date.

What is the issue volume of the bond 2023/2028?

The publicly offered notes of the bond 2023/2028 have a nominal target volume of EUR 50 million.

What is the interest rate of the bond 2023/2028?

The interest rate is 7.00% p.a. and interest is paid annually in arrears on July 11 of each year (for the first time on July 11, 2024).

May the issuer call the bond 2023/2028 early?

The issuer is entitled to call the bond 2023/2028 early in part or in full at certain defined times.

For further information, please refer to the terms and conditions of the bond in the Securities Prospectus.

Is there a rating?

The issuer has a BB/Stable rating from Scope Rating GmbH.

The current rating can be found in theFinancial Reports” section under “Rating”.

GO tO THE RATING Section

 

Where can I get more information about the new bond 2023/2028?

More detailed information can be found in the securities prospectus dated June 14, 2023. We are also happy to answer your questions by phone via +49 221-914 097 0 or by e-mail via hoermann@ir-on.com.

HÖRMANN Group publishes consolidated interim report 2023

HÖRMANN Group publishes consolidated interim report 2023

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) today published its financial results for the first three months of 2023. In the first quarter, the HÖRMANN Group generated revenue of € 172.1 million, a significant increase of € 45.1 million compared to the same period of the previous year (€ 127.0 million). In the quarter under review, the Group benefited from the noticeable recovery in the commercial vehicle industry and inflation-related price increases. In the first quarter of 2022, the outbreak of war in Ukraine and the associated supply bottlenecks and production disruptions, particularly among major OEM customers, had a negative impact on sales development. As a result of the stabilized business situation and increased productivity, earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter of 2023 also improved significantly year-on-year from € 1.2 million to € 5.3 million and earnings before interest and taxes (EBIT) from € -1.5 million to € 2.5 million.

HÖRMANN Industries publishes Sustainability Report 2022

HÖRMANN Group publishes Sustainability Report 2022

The HÖRMANN Group has published its Sustainability Report 2022. The voluntary preparation of this comprehensive report in accordance with the international guidelines of the Global Reporting Initiative (GRI standard) underlines the long-term orientation of HÖRMANN Industries.

HÖRMANN Group publishes annual report 2022

HÖRMANN Group publishes annual report 2022

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH/ISIN: NO0010851728) today published its annual financial statements for 2022. In the 2022 financial year, the HÖRMANN Group generated revenue of € 685.7 million (previous year: € 589.8 million) and earnings before interest and taxes (EBIT) of € 23.7 million (previous year: € 30.0 million). The Automotive and Communication divisions and the Intralogistics division, which was established last year, recorded strong increases in sales in some cases, although in the Automotive division this was partly due to the fact that inflationary increases in the price of materials were passed on without affecting earnings. Despite the difficult economic conditions, earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 35.3 million (previous year: € 45.3 million). The 2022 financial year closed with a consolidated net profit of € 12.2 million (previous year: € 14.4 million).