HÖRMANN Industries Publishes 2025 Annual Financial Statements

30 Apr 2026 09:47 CEST

CORPORATE NEWS
from HÖRMANN Industries GmbH, Kirchseeon near Munich

HÖRMANN Industries Publishes 2025 Annual Financial Statements

• Sales rises to EUR 697.4 million; EBIT at EUR 30.4 million, significantly
higher than the previous year
• Earnings growth driven by measures to improve efficiency and optimize the
portfolio
• Successful turnaround in the Automotive division despite a continuing
challenging market environment
• 2026 forecast: Sales between EUR 700 million and EUR 760 million, EBIT at the
level of fiscal year 2025

Kirchseeon, 30 April 2026 – HÖRMANN Industries GmbH (corporate bond, ISIN:
NO0012938325) published its 2025 annual financial statements today. In a still
challenging economic environment, the HÖRMANN Group outperformed the overall
economy and was able to further increase its profitability.

Dr. Michael Radke, CEO of HÖRMANN Industries GmbH: “The 2025 financial year was
a very successful one, and we can look back on it with great satisfaction.
Thanks to the joint efforts of all our employees, we have succeeded in achieving
sales of just under EUR 700 million with a record result (EBIT) of more than EUR
30 million and an EBIT margin of 4.2%. This economic success in the HÖRMANN
Group’s 70th anniversary year and as I step down as CEO fills me with pride and
a profound sense of gratitude.”

In fiscal year 2025, the HÖRMANN Group generated sales of EUR 697.4 million
(previous year: EUR 678.9 million). Earnings before interest and taxes (EBIT)
increased to EUR 30.4 million (previous year: EUR 24.3 million), while earnings
before interest, taxes, depreciation and amortization (EBITDA) stood at EUR 50.0
million (previous year: EUR 40.3 million). The positive earnings trend is
primarily attributable to a changed product and service mix, product price
adjustments, productivity gains, and portfolio optimizations. The 2025 fiscal
year closed with consolidated net profit of EUR 13.4 million (previous year: EUR
9.2 million). Cash flow from operating activities improved to EUR 39.9 million
(previous year: EUR 25.3 million).

Johann Schmid-Davis, CFO of HÖRMANN Industries GmbH, adds: “As in previous
years, the HÖRMANN Group’s broad diversification across four business divisions
is proving to be a successful model. Despite economic challenges, particularly
in the Intralogistics division, HÖRMANN Industries remains on course for success
overall.”

The Group’s equity amounted to EUR 146.7 million as of 31 December 2025 (31
December 2024: EUR 138.8 million). Thus, despite an increased balance sheet
total, the equity ratio stood at 36.5%, slightly above the previous year’s level
(31 December 2024: 36.2%). Net cash and cash equivalents increased to EUR 82.3
million at year-end (31 December 2024: EUR 68.3 million).

Development of the business divisions

Despite continued weak market demand and a corresponding decline in sales to EUR
326.1 million (previous year: EUR 353.3 million), the Automotive business
division reported a profit for the first time since 2020 due to implemented
cost-cutting measures and improved operational performance. EBIT improved to EUR
5.0 million (previous year: EUR -0.5 million). At the same time, HÖRMANN has
begun further developing the Gustavsburg plant into the technologically leading
production site for side members in Europe thanks to significant investments.
Following EUR 16 million in investments over the past two years, an additional
EUR 30 million is to be invested in the coming years in the expansion of side
member production and in a new coating facility. For the 2026 fiscal year, the
Automotive division expects sales to rise to approximately EUR 335 to EUR 350
million, with EBIT of approximately EUR 7 million, in line with forecasts from
OEM customers.

The Communication division continued its positive performance. Driven by
investments in critical infrastructure and increasing internationalization,
sales reached EUR 263.3 million (previous year: EUR 214.8 million). With an EBIT
of EUR 35.3 million (previous year: EUR 27.5 million), the division once again
made the largest contribution to earnings. Based on the high order backlog,
HÖRMANN forecasts a sustained stable business performance for the Communication
division in fiscal year 2026, with sales between EUR 250 million and EUR 270
million and an earnings contribution (EBIT) between EUR 28 million and EUR 30
million, although increased development costs and greater internationalization
will impact earnings growth.

The Intralogistics division continued to be characterized by subdued investment
activity in the industry. Additionally, extraordinary expenses from portfolio
adjustments weighed on earnings. In the past fiscal year, the loss-making
companies HÖRMANN Intralogistics Services and HÖRMANN Energy Solutions were
sold, and special write-downs were taken on a demonstration plant. Sales
accordingly amounted to EUR 73.8 million (previous year: EUR 80.7 million),
while EBIT was EUR -5.9 million (previous year: EUR 1.2 million). Adjusted for
the extraordinary expenses, operating EBIT amounted to EUR -1.3 million. HÖRMANN
continues to see significant potential in the business segment, including
through the new product “SECTRO,” an innovative airport security screening
system. Thanks to the portfolio streamlining, HÖRMANN will henceforth focus on
developing the division’s future-oriented business segments and plans to further
expand the intralogistics business in the medium term through targeted
investments and internationalization. For the current fiscal year 2026, sales is
expected to be on par with the 2025 fiscal year, with a balanced earnings.

In the Engineering division, sales of EUR 33.0 million (previous year: EUR 30.4
million) generated EBIT of EUR 4.9 million (previous year: EUR 2.8 million). As
a result, the division once again made a positive contribution to earnings,
although this fell short of expectations due to the insolvency of a major
customer. For the current fiscal year 2026, the division expects, based on
current project assessments, sales of approximately EUR 40 million and earnings
before interest and taxes (EBIT) of between EUR 3 million and EUR 4 million.

Forecast 2026

At Group level, based on an assessment of the current order situation and
rolling planning for the individual business divisions, HÖRMANN Industries GmbH
expects order intake of between EUR 750 million and EUR 800 million in fiscal
year 2026 (2025: EUR 683 million) and total sales of EUR 700 million to EUR 760
million (2025: EUR 697 million). For the operating business, positive earnings
before interest and taxes (EBIT) at the level of the 2025 fiscal year (EUR 30.4
million) is forecast.

The complete annual financial statements, including an extensive interview with
Dr. Michael Radke and Mr. Johann Schmid-Davis, can be downloaded at
https://www.hoermann-gruppe.com/en/investor-relations/financial-reports/financia
l-publications-original.

In addition, the HÖRMANN Group also published its fifth Sustainability Report
today. The voluntary preparation of this comprehensive report in accordance with
the international guidelines of the Global Reporting Initiative (GRI Standard)
underscores the long-term orientation of HÖRMANN Industries. The sustainability
report can be downloaded at the following link:
https://www.hoermann-gruppe.com/en/company/sustainability.


Contact:
HÖRMANN Holding GmbH & Co. KG
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
The HÖRMANN Group has grown steadily since its founding in 1955. HÖRMANN Holding
GmbH & Co. KG acts as the parent company, responsible for the long-term
orientation and further development of the group. Operational business is
bundled under the umbrella of HÖRMANN Industries GmbH. More than 30 subsidiaries
with a high degree of entrepreneurial independence and initiative are organised
here in the Automotive, Communication, Intralogistics and Engineering divisions.
The aim of the HÖRMANN Group is to develop customer-specific solutions and
services that create sustainable economic advantages and high customer value.
Around 2,900 highly qualified employees contribute a wide range of diversified,
networked expertise from a variety of technological fields.
www.hoermann-gruppe.com

More information:
Access the news on Oslo Bors NewsWeb site

672031_hoermann-geschaeftsbericht-2025-en.pdf