HÖRMANN Industries corrects sales and earnings forecast for the current financial year 2024

HÖRMANN Industries corrects sales and earnings forecast for the current financial year 2024

Kirchseeon, 27 May 2024 - HÖRMANN Industries GmbH (corporate bond, ISIN NO0012938325) is reducing its sales and earnings forecast for the current financial year 2024, taking into account and evaluating the latest sales forecasts from the truck industry and the current order situation. The company now expects sales of between EUR 680 million and EUR 700 million and earnings before interest and taxes (EBIT) of between EUR 16 million and EUR 20 million. Previously, sales were expected to be within the range of EUR 700 million to EUR 730 million and EBIT between EUR 22 million and EUR 24 million.

The HÖRMANN Group's forecast adjustment is due to the surprising reduction in the 2024 production programme by 15% compared to the forecast at the beginning of the year, which was communicated by the main customer recently. The detailed internal analysis that has now been completed shows that this unexpectedly sharp decline will have a significant negative impact on the positively planned sales and earnings development of the HÖRMANN Automotive division in the current 2024 financial year, which is therefore expected to return to negative earnings after the operational turnaround in 2023. 

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