HÖRMANN Industries exceeds sales and earnings forecast for the past financial year 2023 according to preliminary figures
|
EQS-Ad-hoc: Hörmann Industries GmbH / Key word(s): Change in Forecast/Preliminary Results HÖRMANN Industries exceeds sales and earnings forecast for the past financial year 2023 according to preliminary figures
Based on preliminary figures, the Group generated consolidated sales of around € 830 million in 2023 (2022: € 685.7 million), operating earnings before interest, taxes, depreciation and amortization (operating EBITDA) adjusted for non-recurring effects of around € 42 million (2022: € 35.3 million) and adjusted operating earnings before interest and taxes (operating EBIT) of around € 29 million (2022: € 23.7 million). The forecast specified on November 30, 2023 for total sales (€ 730 million to € 770 million), adjusted operating EBITDA (€ 34 million to € 36 million) and adjusted operating EBIT (at the previous year's level) will therefore be exceeded. Operating EBITDA and operating EBIT were adjusted for a non-recurring expense of around € 7 million from the sale of the loss-making HÖRMANN Automotive Eislingen GmbH, which was completed as of November 1, 2023. In addition to inflation-related price increases, the growth in sales is attributable to significantly higher production volumes in the Automotive division and the conclusion of multi-year project orders, primarily in the Communication and Intralogistics divisions. In terms of earnings growth, HÖRMANN Industries also benefited from higher-than-expected demand in the fourth quarter of 2023. The final consolidated financial statements of HÖRMANN Industries GmbH for the 2023 financial year will be published on April 30, 2024.
Contact: HÖRMANN Industries GmbH
Financial and business press: IR.on AG End of Inside Information
20-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Hörmann Industries GmbH |
| Hauptstr. 45-47 | |
| 85614 Kirchseeon | |
| Germany | |
| Phone: | +49 8091 5630-0 |
| Fax: | +49 8091 5630-195 |
| E-mail: | info@hoermann-gruppe.com |
| Internet: | www.hoermann-gruppe.com |
| ISIN: | NO0012938325 |
| WKN: | A351U9 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1863559 |
| End of Announcement | EQS News Service |
|
|
1863559 20-March-2024 CET/CEST
