HÖRMANN Industries publishes interim report for the first half of 2025

29 Aug 2025 10:02 CEST

• Positive business development in the Communication and Engineering divisions;
Automotive division returns to profitability

• Sales increase to EUR 335.2 million (previous year: EUR 327.6 million), EBITDA
to EUR 18.6 million (previous year: EUR 8.8 million) and EBIT to EUR 12.3
million (previous year: EUR 2.4 million)

• Earnings forecast for full year 2025 confirmed at the upper end of the range

Kirchseeon, 29 August 2025 – HÖRMANN Industries GmbH (corporate bond, ISIN:
NO0012938325) today published its financial results for the first half of 2025.
In the first six months, HÖRMANN Group's sales increased by 2.3% to EUR 335.2
million (previous year: EUR 327.6 million). The slight increase in sales was
mainly due to the positive business development in the Communication and
Engineering divisions and the invoicing of multi-year project orders in the
Intralogistics division. In the Automotive division, the weak turnover figures
of various major customers from the second half of 2024 continued in the first
six months of 2025, leading to a decline in sales compared with the first half
of 2024. Due to the overall improvement in sales at Group level and the various
cost-cutting measures, particularly in the Automotive division, earnings before
interest, taxes and depreciation (EBITDA) increased significantly from EUR 8.8
million to EUR 18.6 million compared with the same period of the previous year,
as did earnings before interest and taxes (EBIT), which increased from EUR 2.4
million to EUR 12.3 million.

Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH: "The difficult economic
conditions and general reluctance to invest in the market were also clearly
noticeable in the first half of 2025. It is therefore even more gratifying that
our broad diversification has once again contributed to stability and
sustainable success, and that our intensive measures to reduce costs and
increase productivity in the Automotive division are also proving effective. We
believe we are well positioned for the future and are optimistic that we will
benefit from an economic upturn. For 2025 as a whole, we continue to expect
stable development for the HÖRMANN Group at the previous year's level."

Development of the divisions
In the Automotive division, sales decreased from EUR 199.1 million in the
prior-year period to EUR 171.1 million as a result of weaker turnover by OEM
customers. Despite the decline in sales, the division returned to profitability
with a significant increase in EBIT to EUR 3.6 million, compared with EUR -0.5
million in the same period of the previous year, thanks to an improved cost
structure and measures to improve earnings.

The Communication division generated sales of EUR 113.1 million, exceeding the
previous year's level (EUR 89.6 million). Due to sales growth and a change in
the product mix compared to the previous year, EBIT increased to EUR 11.6
million in the reporting period (previous year: EUR 7.6 million).

The Intralogistics division, which had already been impacted by a difficult
market situation in previous years, continued to be affected by the ongoing
reluctance to invest during the reporting period. However, as a result of the
invoicing of multi-year project orders, sales in this division increased to EUR
35.7 million in the first half of 2025 (previous year: EUR 24.4 million); EBIT
improved to EUR -1.5 million (previous year: EUR -2.8 million).

With sales of EUR 13.8 million, the Engineering division remained at the same
level as in the same period of the previous year (EUR 13.4 million). Earnings
before interest and taxes increased slightly from EUR 1.6 million to EUR 1.8
million.

HÖRMANN Industries GmbH's order backlog as at 30 June 2025 decreased slightly by
EUR 2.2 million to EUR 593.0 million compared with 31 December 2024 (EUR 595.2
million). Incoming orders also declined in the first half of 2025 as a result of
the continuing noticeable reluctance to invest in industry and the commercial
vehicle market, falling by 16.5% to EUR 332.9 million compared with the same
period in 2024 (EUR 398.7 million).

Forecast for the full year 2025 confirmed
HÖRMANN Industries GmbH confirms the forecast set out in its annual report and,
taking into account and evaluating the current business and order situation,
continues to expect total sales of between EUR 690 million and EUR 720 million
in 2025 (2024: EUR 678.9 million). For the operating business, positive earnings
before interest and taxes (EBIT) of between EUR 21 million and EUR 23 million
(2024: EUR 24.3 million) are forecast at the upper end of the range. This
earnings forecast continues to depend on geopolitical and economic developments
and their impact on the global economy.

The interim consolidated report for the period from 1 January to 30 June 2025 of
HÖRMANN Industries GmbH is available at
https://www.hoermann-gruppe.com/en/investor-relations/financial-reports/financia
l-publications.


Contact:
HÖRMANN Industries GmbH
Hauptstraße 45-47
D-85614 Kirchseeon
T +49 8091 5630 0
F +49 8091 5630 195
info@hoermann-gruppe.com


Financial and business press:
IR.on AG
Frederic Hilke
T +49 221 9140 970
hoermann@ir-on.com


About the HÖRMANN Group
Since the company was founded in 1955, the HÖRMANN Group has grown steadily.
Under the umbrella of HÖRMANN Holding GmbH & Co KG, around 30 subsidiaries
operate in the Automotive, Communication, Engineering and Intralogistics
business divisions with a high level of entrepreneurial initiative and
independence. The aim of the HÖRMANN Group is to provide customers with specific
solutions and services that offer economic advantages and a high level of
customer benefit. To achieve this, the HÖRMANN Group, with around 2,900 highly
qualified employees, uses its entire broadly diversified and networked knowledge
from a wide range of technological fields. www.hoermann-gruppe.com

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654235_PM_Q2 report_EN_final.pdf
654235_hoermann_half_year_report_2025.pdf