EQS-News

HÖRMANN Industries publishes annual financial statements for 2023

EQS-News: Hörmann Industries GmbH / Key word(s): Annual Report/Annual Results HÖRMANN Industries publishes annual financial statements for 2023 30.04.2024 / 10:30 CET/CEST The issuer is solely responsible for the content of this announcement. HÖRMANN Industries publishes annual financial statements for 2023

• Sales and earnings forecast for the full year 2023 exceeded
• All four divisions with positive earnings contribution
• Forecast 2024: sales between EUR 700 million and EUR 730 million, EBIT between EUR 22 million and EUR 24 million

Kirchseeon, 30 April 2024 - HÖRMANN Industries GmbH (corporate bond, ISIN: NO0012938325) today published its annual financial statements for 2023. In the 2023 financial year, HÖRMANN Group generated sales of EUR 830.9 million (previous year: EUR 685.7 million) and earnings before interest and taxes (EBIT) of EUR 30.7 million (previous year: EUR 23.7 million). All four business divisions recorded strong sales growth and contributed to the positive annual result. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 44.5 million (previous year: EUR 35.3 million) despite the difficult economic conditions. The 2023 financial year closed with a consolidated net income of EUR 9.5 million (previous year: EUR 12.2 million).

Dr Michael Radke, CEO of HÖRMANN Industries GmbH: “The combination of inflation and stagnation presents a new and demanding challenge to the HÖRMANN Group. It is essential that we have remained flexible and continuously adjusted our strategies to be able to keep up with the changing economic conditions. As a result, we have been able to cope well with these difficult times overall and, with our broad diversification across 13 sectors, we are also in a stable position for the future. We are therefore confident about the coming development and will continue to pursue the strategy of broadly diversifying the position of the HÖRMANN Group - this is what HÖRMANN is made of!”