Put companies on watchlist
Hörmann Industries GmbH
ISIN: NO0012938325
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Hörmann Industries GmbH · ISIN: NO0012938325 · EQS - adhoc news (8 News)
Country: Germany · Primary market: Norway · EQS NID: 1911719
27 May 2024 11:37AM

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


EQS-Ad-hoc: Hörmann Industries GmbH / Key word(s): Forecast/Change in Forecast
HÖRMANN Industries corrects sales and earnings forecast for the current financial year 2024

27-May-2024 / 11:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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



End of Inside Information

27-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 1911719

 
End of Announcement EQS News Service

1911719  27-May-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1911719&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.