HÖRMANN Industries publishes interim report for the first half of 2025
- 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/financial-publications.
Selected key financial figures of HÖRMANN Industries GmbH (in EUR million)
| Financial position and results of operations |
H1 2025 |
H1 2024 |
|
| Sales |
335.2 |
327.6 |
|
| Total output (1) |
347.7 |
350.9 |
|
| Gross profit (2) |
176.3 |
164.3 |
|
| EBITDA (3) |
18.6 |
8.8 |
|
| EBIT (4) |
12.3 |
2.4 |
|
| Cash flow from operating activities |
1.9 |
-5.8 |
|
| Cash flow from investing activities |
-7.6 |
-5.8 |
|
| |
|
|
| Net assets |
30 Jun. 2025 |
31 Dec. 2024 |
|
| Total assets |
394.5 |
383.8 |
|
| Equity |
144.2 |
138.8 |
|
| Equity ratio (in %) (5) |
36.6% |
36.2% |
|
| Working Capital (6) |
119.6 |
106.4 |
|
| Net cash and cash equivalents (7) |
61.0 |
68.3 |
|
| Employees (number) (8) |
2,934 |
2,921 |
|
| |
|
|
|
|
|
1 Sales plus change in inventories and other own work capitalised
2 Total output plus other operating income less cost of materials
3 Consolidated net income before depreciation and amortisation, financial result, and income taxes
4 Consolidated net profit for the year before financial result, and income taxes
5 Equity/total assets
4 Inventories plus trade receivables less trade payables
5 Bank balances less liabilities to banks
6 Average number for the period not including trainees
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