HÖRMANN Holding GmbH & Co. KG expands its management team

HÖRMANN Holding GmbH & Co. KG expands its management team

In December 2017, the Advisory Board of HÖRMANN Holding GmbH & Co. KG appointed long-standing authorised signatory and CFO Johann Schmid-Davis to the management of the holding company. He will support CEO Michael Radke as part of a two-person management team. HÖRMANN Holding is the parent company of the HÖRMANN Group, whose operating activities are bundled in HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG).

HÖRMANN Group intends to acquire three companies through its Services division

HÖRMANN Group intends to acquire three companies through its Services division

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has signed an agreement with the MAT Maschinen- und Automationstechnik GmbH Group, Salzgitter, on the acquisition of its three operating subsidiaries MAT Maschinentechnik GmbH, MAT Automationstechnik GmbH and MAT Industrieservice GmbH. The agreement involves the HÖRMANN Group integrating the three companies into the Services segment as separate companies as well as around 130 employees at the Salzgitter site, most of them highly qualified engineers and technicians. The agreement will come into effect subject to individual conditions including anti-trust approval.

HÖRMANN Group intends to acquire a division from Leadec

HÖRMANN Group intends to acquire a division from Leadec

Kirchseeon-based HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has signed an agreement with Leadec Engineering GmbH, Chemnitz, on the acquisition of its Development Road and Rail, excluding Prototyping (Engineering) division. The agreement involves the HÖRMANN Group acquiring the division’s business operations and all tangible and intangible assets from Leadec Engineering GmbH as well as around 110 employees at the Chemnitz, Dresden, Dessau and Munich sites, most of them highly skilled engineers and designers. The agreement will come into effect subject to individual conditions including anti-trust approval.

HÖRMANN Group publishes 2017 interim report

HÖRMANN Group publishes 2017 interim report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its half-yearly financial statements for 2017. Sales increased by 16.2% year-on-year to EUR 240.9 million in the first six months of 2017 (H1 2016: EUR 207.2 million). EBIT improved by 26.5% to EUR 4.3 million. Compared with the same period of the previous year, this sales and earnings development was driven by organic growth as well as the first-time consolidation of Funkwerk AG and VacuTec Meßtechnik GmbH, majority interests in which were acquired in the fourth quarter of 2016. Net income for the first half of the year also improved significantly from EUR 0.3 million to EUR 1.9 million.

HÖRMANN Group publishes 2016 Annual Report

HÖRMANN Group publishes 2016 Annual Report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2016 Annual Report in which it confirms the preliminary figures announced in late April. In the 2016 financial year, sales increased from EUR 435.4 million to EUR 464.6 million and EBIT improved from EUR 11.9 million to EUR 16.9 million. The pro rata first-time consolidation of Funkwerk AG and VacuTec Messtechnik GmbH in the fourth quarter of 2016 in particular delivered sales and earnings contributions that were higher than predicted. The company also recorded higher than expected organic growth. Consolidated net income after taxes increased from EUR 6.2 million to EUR 11.2 million.

HÖRMANN Group establishes new Services division

HÖRMANN Group establishes new Services division

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) is expanding its business model to include a new segment, Services. Alongside the existing Automotive, Engineering and Communication segments, Services will be a fourth pillar that will tap into the significant growth potential of the service sector and drive the continued diversification of the company.

HÖRMANN Group publishes preliminary figures for the 2016 financial year

HÖRMANN Group publishes preliminary figures for the 2016 financial year

HÖRMANN Industries GmbH (formerly HÖRMANN Finance GmbH; German Securities Code Number (WKN) of corporate bond: A2AAZG) has presented its preliminary figures for the past financial year. The Group, which incorporates the operating subsidiaries of the HÖRMANN Group and had around 2,800 employees in the 2016 financial year, generated consolidated sales of EUR 464.6 million (previous year: EUR 435.4 million) and EBIT of EUR 16.9 million (previous year: EUR 11.9 million). Consolidated income after interest and taxes amounted to around EUR 11 million (previous year: EUR 6.2 million). This meant the medium-sized conglomerate achieved substantially higher sales and earnings growth than originally forecast. This was mainly due to the pro rata sales and earnings contributions from the first-time consolidation of Funkwerk AG and VacuTec Messtechnik GmbH in the fourth quarter of 2016 and higher than expected organic growth in the Automotive and Engineering segments.

New name: HÖRMANN Finance becomes HÖRMANN Industries

New name: HÖRMANN Finance becomes HÖRMANN Industries

HÖRMANN Finance GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) is changing its name to HÖRMANN Industries GmbH. This better emphasises the actual function of the company, as HÖRMANN Industries incorporates the operating subsidiaries of the family-owned HÖRMANN Holding GmbH & Co. KG. Only last year, the technology specialist expanded its investment portfolio to more than 20 subsidiaries by acquiring majority holdings in Funkwerk AG, a listed company, and VacuTec Messtechnik GmbH. The new name also reflects the diversified product portfolio of the equity investments. The medium-sized conglomerate offers a varied range of products in different sectors across its Automotive, Engineering and Communication segments. In the 2015 financial year, it generated consolidated sales of around EUR 435 million, operating EBIT of EUR 11.9 million and consolidated net income after taxes of EUR 6.2 million with a workforce of around 2,300 employees. The Group intends to further extend its strong technological position in the coming years through targeted investments and systematically expand its international activities.

HÖRMANN Group moves to new ‘Scale’ segment for SMEs

HÖRMANN Group moves to new ‘Scale’ segment for SMEs

HÖRMANN Finance GmbH and its existing corporate bond (German Securities Code Number [WKN]: A2AAZG) will move to Deutsche Börse AG’s new ‘Scale’ segment when it launches on 1 March 2017. The successor to the Entry Standard for small and medium-sized enterprises (SMEs) offers increased transparency for investors thanks to more stringent admission and follow-up obligations. The company has already engaged equinet Bank AG as its Deutsche Börse Capital Market Partner.

Dr. Michael Radke succeeds Heinz Runte as CEO of the HÖRMANN Group

Dr. Michael Radke succeeds Heinz Runte as CEO of the HÖRMANN Group

Dr.-Ing. Michael Radke will join the management of HÖRMANN Holding GmbH & Co. KG and HÖRMANN Finance GmbH and take over as CEO in the first quarter of 2017. He succeeds Heinz Runte, who will move to the Advisory Board at the same time as planned. CFO Johann Schmid-Davis will remain responsible for the commercial and financial management of the Group.

HÖRMANN Automotive develops chassis inspired by the natural world

HÖRMANN Automotive develops chassis inspired by the natural world

The new integral chassis concept for lightweight commercial vehicles from HÖRMANN Automotive GmbH features an oval topology reminiscent of a nut or a tortoise, making it safe and yet light at the same time for its application protecting the energy storage unit. In terms of manufacturing technology, the concept builds on the findings of the Technical University of Darmstadt’s Collaborative Research Centre (SFB) 666, a project dealing with integral sheet metal design with higher-order bifurcations and the development, production and analysis of such products. This uses the technologies developed as part of the project in a vehicle manufacturing application for the future of urban delivery logistics. It uses the bifurcated sheet structures to implement new mechanisms for protecting energy storage units in vehicles with alternative drive systems.

HÖRMANN Group publishes 2018 interim report

HÖRMANN Group publishes 2018 interim report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its half-yearly financial statements for 2018. The company recorded sales and earnings growth in the first six months of 2018. Sales increased by 19.2% year-on-year to EUR 287.1 million in the first six months of 2018 (H1 2017: EUR 240.9 million). Earnings before interest and taxes (EBIT**) rose by 83.3% to EUR 7.9 million (H1 2017: EUR 4.3 million). This growth was driven by positive development in all four segments. Consolidated net income also improved from EUR 1.9 million (H1 2017) to EUR 4.3 million.

HÖRMANN Group exhibiting at 2018 IAA Commercial Vehicle Show

HÖRMANN Group exhibiting at 2018 IAA Commercial Vehicle Show

HÖRMANN Group is demonstrating the synergies created by its capabilities – particularly its Automotive and Engineering divisions – at the 2018 IAA Commercial Vehicle Show. The innovative integral chassis concept, which HÖRMANN Group is showcasing for the first time, is designed specifically to be used with alternative drive systems and pursues a lightweight structural approach that reflects the cost sensitivity of the transport industry in particular, as well as the vehicle design requirements of electric light commercial vehicles.

HÖRMANN Group publishes 2017 Annual Report

HÖRMANN Group publishes 2017 Annual Report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2017 Annual Report in which it confirms the preliminary figures announced on 26 April. Sales increased from EUR 464.6 million to EUR 521.9 million in the 2017 financial year, while EBIT amounted to EUR 14.9 million (previous year: EUR 16.9 million). This meant the sales and earnings forecasts for the reporting period were exceeded. Consolidated income after interest and taxes amounted to EUR 9.1 million (previous year: EUR 11.2 million).

HÖRMANN Group publishes preliminary figures for the 2017 financial year

HÖRMANN Group publishes preliminary figures for the 2017 financial year

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) has presented its preliminary figures for the past financial year. The group, which incorporates the operating subsidiaries of the HÖRMANN Group and had an average of 2,825 employees in the 2017 financial year, generated consolidated sales of EUR 521.9 million (previous year: EUR 464.6 million) and EBIT of around EUR 14.9 million (previous year: EUR 16.9 million). Consolidated income after interest and taxes amounted to around EUR 9.1 million (previous year: EUR 11.2 million). This meant the Group exceeded its sales and earnings forecasts for the 2017 financial year of EUR 510 million and EUR 13 million, respectively. HÖRMANN Industries benefited from the positive macroeconomic conditions and the resulting healthy order situation.

HÖRMANN Logistik consolidates all AutoStore activities in one centre of excellence

HÖRMANN Logistik consolidates all AutoStore activities in one centre of excellence

To make more targeted and effective use of the rapid growth of our AutoStore business, the AutoStore centre of excellence was established in January 2018. This combines all activities relating to sales, marketing and implementation.

Successful launch for HÖRMANN Warnsysteme sirens in Brazil

Successful launch for HÖRMANN Warnsysteme sirens in Brazil

Brazil’s first siren warning system from HÖRMANN Warnsysteme is now in operation. This can be used to trigger warning sounds and recorded voice messages as well as to transmit announcements to sirens for broadcast.

HÖRMANN Automotive broadens capabilities to include hot working and press hardening

HÖRMANN Automotive broadens capabilities to include hot working and press hardening

The HÖRMANN Automotive factory in St. Wendel in the German state of Saarland has broadened its technological capabilities to include the hot working and press hardening production processes thanks to a significant new investment. 

HÖRMANN Rawema’s smart factory nominated for Sächsischer Innovationspreis award

HÖRMANN Rawema’s smart factory nominated for Sächsischer Innovationspreis award

With a nomination for its smart factory, HÖRMANN Rawema Engineering & Consulting GmbH was counted among the top ten for the 2019 Sächsischer Innovationspreis awards.

Fully automated Funkwerk passenger information for railways in Luxembourg

Fully automated Funkwerk passenger information for railways in Luxembourg

As part of a modernisation programme, all railway stations in Luxembourg are to be fitted with the AURIS passenger information system and Funkwerk AG display systems by the end of 2021.

High-performance punching of longitudinal frame members at HÖRMANN Automotive

High-performance punching of longitudinal frame members at HÖRMANN Automotive

High-performance punching at HÖRMANN Automotive GmbH allows for a wide range of variants and a high degree of automation coupled with low takt times.

Bolzano fire service uses mobile siren from HÖRMANN Warnsysteme to enforce curfew

Bolzano fire service uses mobile siren from HÖRMANN Warnsysteme to enforce curfew

The city of Bolzano in the South Tyrol province of Italy is using a Mobela 150D mobile siren with a public address function from HÖRMANN Warnsysteme to help in the battle against the coronavirus pandemic

HÖRMANN Automotive expanding charging infrastructure for electric vehicles

HÖRMANN Automotive expanding charging infrastructure for electric vehicles

HÖRMANN Automotive is supporting efforts to protect the climate, which is why it is setting its factory in Wackersdorf up to be suitable for work relating to electric vehicles and the associated infrastructure.

VacuTec Messtechnik helps minimizing risk in radiography

VacuTec Messtechnik helps minimizing risk in radiography

HÖRMANN VacuTec offers the innovative VacuDAP duo measuring system to minimise risk in radiography. This system can determine the reference dose and the dose area product at the same time.

Smart Funkwerk traffic management systems for motorways

Smart Funkwerk traffic management systems for motorways

Hessen Mobil, the administrative agency for road and traffic management in the German state of Hesse, is using smart traffic management systems to optimise how transport runs on local motorways.

HÖRMANN Automotive delivers high-precision, high-quality large components for agricultural machinery

HÖRMANN Automotive delivers high-precision, high-quality large components for agricultural machinery

The HÖRMANN Automotive factory in St. Wendel has built up specialist tooling expertise and developed cutting-edge manufacturing methods and technology for agricultural machinery.

Innovative warehouse technology for the packaging industry from HÖRMANN Logistik

Innovative warehouse technology for the packaging industry from HÖRMANN Logistik

HÖRMANN Logistik secured a contract from Kunert Wellpappe to implement a new automated high-bay warehouse together with the associated conveyor system at the packaging company’s site in Bad Neustadt.

HÖRMANN Vehicle Engineering provides complete vehicle development service for train in Beijing

HÖRMANN Vehicle Engineering provides complete vehicle development service for train in Beijing

HÖRMANN Vehicle Engineering is developing an innovative train system for public transport between China’s growing big cities.

HÖRMANN publishes financial results for the first nine months of 2019

HÖRMANN publishes financial results for the first nine months of 2019

HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) announced its financial results for the first nine months of 2019. Accordingly, sales in the first three quarters of 2019 rose by 2.7% to EUR 440.9 million (9M 2018: EUR 429.3 million). Earnings before interest and taxes (EBIT) increased from EUR 11.0 million to EUR 17.4 million. At EUR 11.6 million, consolidated net income was also above the previous year's level (9M 2018: EUR 6.1 million).

HÖRMANN Vehicle Engineering presents an innovative concept for RoLa

HÖRMANN Vehicle Engineering GmbH, a HÖRMANN Group company, presented an innovative carrying wagon concept for the rolling highway at the TRAKO conference in the Polish city of Gdansk. TRAKO is the largest rail vehicle exhibition fair after InnoTrans and focuses on Eastern Europe. Exhibitors showcase modern transport systems and major future investments in the sector.

HÖRMANN Group repays bond early

HÖRMANN Group repays bond early

Following the successful placement of its new 2019/2024 bond, HÖRMANN Industries GmbH today prematurely terminated all outstanding portions of the 2016/2021 corporate bond issued in November 2016 (WKN A2AAZG / ISIN DE000A2AAZG8) with a total volume of EUR 30 million and a coupon of 4.50%.

HÖRMANN Group publishes half-year financial statements for 2019

HÖRMANN Industries GmbH (corporate bonds, WKN: A2TSCH and A2AAZG) today published its consolidated interim financial statements for the first half of 2019. Sales increased by 4.1% year-on-year to EUR 299.0 million in the first six months of 2019 (H1 2018: EUR 287.1 million). Earnings before interest and taxes (EBIT**) rose by 10.1% to EUR 8.7 million (H1 2018: EUR 7.9 million). Consolidated net income was largely unchanged year-on-year at EUR 4.2 million (H1 2018: EUR 4.3 million).

HÖRMANN Group develops lightweight chassis for flexible logistics applications

HÖRMANN Group develops lightweight chassis for flexible logistics applications

HÖRMANN Vehicle Engineering, a HÖRMANN Group company, has developed a modular chassis on behalf of SBB Cargo that can be used flexibly for various transport applications and superstructures with higher payloads. ‘Thanks to our extensive manufacturing expertise, we were able to bring the lightweight structural construction principles of commercial vehicles to the railways, allowing us to use a more economical production process,’ commented Mike Juntke, project manager at HÖRMANN Vehicle Engineering. This was achieved by leveraging synergies within the HÖRMANN Group, consisting of product development on the one hand (HÖRMANN Vehicle Engineering GmbH) and production-orientated product design on the other (HÖRMANN Automotive Gustavsburg GmbH).

HÖRMANN Group reinforces Communication division

HÖRMANN Group reinforces Communication division

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2TSCH / ISIN: NO0010851728), based in Kirchseeon near Munich, is pressing ahead with the strategic reorientation of the Group and opening up new potential for the future development of its Communication division.

HÖRMANN Group launches new 2019/2024 bond

HÖRMANN Group launches new 2019/2024 bond

The technology specialist HÖRMANN Industries GmbH has successfully placed its new corporate bond (German Securities Code Number (WKN): A2TSCH, ISIN: NO0010851728) with a total volume of EUR 50 million. The issue was concluded early at 8:30 a.m. on 27 May 2019 due to the extremely high level of investor demand, with the bond being several times oversubscribed. The subscription period was originally scheduled to end on 28 May 2019. The HÖRMANN Industries 2019/2024 bond enjoyed strong demand among domestic and foreign institutional investors as well as private investors. The annual fixed interest rate is 4.5%, as was the case with the HÖRMANN 2016/2021 bond.

HÖRMANN Group closes 2019/2024 bond issue subscription early

HÖRMANN Group closes 2019/2024 bond issue subscription early

The new corporate bond of technology specialist HÖRMANN Industries GmbH (German Securities Code Number (WKN): A2TSCH, ISIN: NO0010851728) has met with considerable interest among institutional and private investors alike. As a result, the subscription period is being concluded early. Subscription for the new bond via Deutsche Börse under the terms of the public offer is now possible until 8:30 a.m. on Monday, 27 May 2019. The subscription period was originally scheduled to end on 28 May 2019. The annual coupon has been set at 4.5%.

Subscription period for new HÖRMANN 2019/2024 bond starts today

Subscription period for new HÖRMANN 2019/2024 bond starts today

The subscription period for the new 2019/2024 bond to be issued by HÖRMANN Industries GmbH begins today. The five-year bond (German Securities Code Number (WKN): A2TSCH / ISIN NO0010851728) with a nominal value of EUR 1,000.00 is scheduled to be available for subscription via banks and online brokers on the Frankfurt Stock Exchange until 28 May 2019 (10:00 a.m.). The offer is aimed at institutional investors and asset managers as well as private investors in Germany and Luxembourg. The issue volume for the HÖRMANN Industries bond is up to EUR 50 million and the minimum interest rate is 4.500% p.a. The final interest rate will be determined and communicated on 28 May 2019 on the basis of the subscription offers. The bond is expected to be listed in the Open Market of the Frankfurt Stock Exchange and the Nordic ABM segment of the Oslo Stock Exchange.

HÖRMANN Group issues new corporate bond

HÖRMANN Group issues new corporate bond

HÖRMANN Industries GmbH intends to issue a new corporate bond with a volume of up to EUR 50 million. The issue proceeds will be used for the early refinancing of the bond that is scheduled to mature in 2021 (German Securities Code Number (WKN): A2AAZG, volume: EUR 30 million), which has a call option from 21 November 2019 at a price of 101.5%. The proceeds will also be used for general corporate financing, including the modernisation and automation of the existing production facilities in the Automotive segment and the enhancement of the other segments through targeted acquisitions. The bonds will be publicly offered in Germany and Luxembourg. The necessary securities prospectus was today approved by the Commission de Surveillance du Secteur Financier (CSSF), and the German Federal Financial Supervisory Authority (BaFin) was notified. The bonds will also be offered to institutional investors in selected European countries by way of a private placement conducted by the joint lead managers, Pareto Securities and IKB Deutsche Industriebank AG.

HÖRMANN Group publishes 2018 Annual Report

HÖRMANN Group publishes 2018 Annual Report

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG) today published its 2018 annual financial statements. In the 2018 financial year, sales increased from EUR 521.9 million (2017) to EUR 624.1 million, while EBITDA rose by around 53% year-on-year to EUR 41.8 million. Operating EBIT improved by 45% to EUR 30.5 million (previous year: EUR 21.1 million). This meant the sales and earnings forecasts that were upwardly revised in September 2018 were exceeded. HÖRMANN Industries closed the 2018 financial year with consolidated net income of EUR 14.6 million, up 60.4% on the previous year (EUR 9.1 million), with all four segments making a positive earnings contribution. The Group’s equity base improved from EUR 99.6 million at the end of the previous year to EUR 112.8 million on 31 December 2018 thanks to the positive results of operations. The equity ratio increased from 35.1% (31 December 2017) to 38.3% at the reporting date, while net cash and cash equivalents amounted to EUR 77.3 million. Total assets rose by EUR 11.3 million to EUR 294.7 million as a result of the higher level of current assets. Excluding trainees, the company had an average of 3,175 employees in the reporting period, up 12.4% compared with 2017.

HÖRMANN Logistik acquires majority stake in Klatt Fördertechnik GmbH

HÖRMANN Logistik acquires majority stake in Klatt Fördertechnik GmbH

HÖRMANN Logistik GmbH, a subsidiary of HÖRMANN Group, has been a general contractor for the supply of smart and innovative intralogistics systems for 32 years. Now the company is acquiring a majority stake in the Austrian company Klatt Fördertechnik GmbH. In its 19-year existence, Klatt Fördertechnik has developed into a renowned manufacturer of conveyor systems. "With our merger, we are not only strengthening our core competencies, but also strategically expanding them," emphasises Steffen Dieterich, Managing Director of HÖRMANN Logistik. His colleague in the management board, Oliver Vujcic, adds: "For both companies there are many synergies for ambitious growth."

HÖRMANN mittendrin magazine focusing on the company’s values

HÖRMANN mittendrin magazine focusing on the company’s values

In the second issue of HÖRMANN’s mittendrin magazine, the key values that shape and unite the Group are described from a range of perspectives. With all the latest news, a report on the importance of networking and an interview about the particular challenges facing women in senior management, the magazine once again provides some varied insight into life at HÖRMANN Group.

A new name for lead design company HÖRMANN BauPlan

A new name for lead design company HÖRMANN BauPlan

AIC Ingenieurgesellschaft für Bauplanung Chemnitz GmbH will now trade as HÖRMANN BauPlan GmbH.

Turin Metro still safe and secure with Funkwerk AG

Turin Metro still safe and secure with Funkwerk AG

Funkwerk has provided 300 cameras to keep a watchful eye on all operations on Line 1 of the Turin Metro.

HÖRMANN Automotive goes off-road with electric vehicles

HÖRMANN Automotive goes off-road with electric vehicles

HÖRMANN Automotive GmbH is showing its skills with absolute planning and delivery reliability in the development of the EVUM aCar

HÖRMANN Warnsysteme - here’s to safety!

HÖRMANN Warnsysteme - here’s to safety!

As the market leader, HÖRMANN Warnsysteme GmbH installs and maintains most of the sirens in Germany.

HÖRMANN Automotive doing everything it takes to serve its customers

HÖRMANN Automotive doing everything it takes to serve its customers

When it comes to electric vehicles, HÖRMANN Automotive is a one-stop shop for everything from development to testing

HÖRMANN Logistik featured on RTL’s Guten Morgen Deutschland

HÖRMANN Logistik featured on RTL’s Guten Morgen Deutschland

HÖRMANN Logistik on TV. RTL introduced HÖRMANN Logistik’s range of warehouse logistics solutions to a wide audience on its Guten Morgen Deutschland programme.

HÖRMANN Group publishes consolidated interim report for 2020

HÖRMANN Group publishes consolidated interim report for 2020

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2TSCH) today published its consolidated interim report for the first nine months of 2020. The HÖRMANN Group’s business development in the period under review was impacted by the coronavirus pandemic, especially in the Automotive and Services segments. Consolidated sales amounted to EUR 366.8 million after EUR 440.9 million in the same period of the previous year. EBITDA declined to EUR 18.3 million in the first nine months of 2020 (previous year: EUR 25.8 million), while operating EBIT amounted to EUR 8.3 million (previous year: EUR 17.4 million). A good third quarter that was almost in line with the previous year and the diversified nature of the Group structure served to cushion the impact of the coronavirus pandemic. As a result, the first three quarters of 2020 closed with consolidated net income of EUR 2.6 million (previous year: EUR 11.6 million).

HÖRMANN Industries GmbH: Euler Hermes confirms BB corporate rating with stable outlook

HÖRMANN Industries GmbH: Euler Hermes confirms BB corporate rating with stable outlook

In its current rating report, Euler Hermes Rating GmbH confirms its assessment of the creditworthiness and future viability of HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) with a rating of "BB". A stable development is expected for the next twelve months. In its rating report, Euler Hermes Rating emphasises the sustainable growth potential in the profitable Communications and Engineering divisions as well as the secure medium-term financing basis combined with the group's good financial flexibility.

HÖRMANN Industrieservice is an expert in good maintenance

HÖRMANN Industrieservice is an expert in good maintenance

Da der Markt für Solartechnik und Elektromobilität weiter wächst,  startete die  HÖRMANN Industrieservice GmbH  jetzt eine Kooperation mit einem Photovoltaik-Start-up in Göttingen.

Congratulations to Funkwerk AG on its 20-year anniversary as a listed company

Congratulations to Funkwerk AG on its 20-year anniversary as a listed company

Coinciding with its 20-year anniversary as a listed company, Funkwerk AG is taking on the operations of the train radio unit of STRABAG Infrastructure & Safety Solutions GmbH in Vienna as part of an asset deal.

HÖRMANN Kommunikation & Netze improving reliability on the rails

HÖRMANN Kommunikation & Netze improving reliability on the rails

As part of the project for installing ETCS equipment, HÖRMANN Kommunikation & Netze has taken on the construction work involved in implementing cable routing systems and power supply equipment on the route from Duisburg to Freiburg. The company has already gained experience with the system through its underground cabling work on Corridor A (Rotterdam to Genoa) at Uhlerborn near the town of Ingelheim am Rhein. This involved a lot of work with road-rail vehicles while the track was closed. As well as installing cable troughing alongside the railway, the company’s specialists excavated troughs crossing from one side of the track to the other, both open and in the form of buried pipes.

HÖRMANN Vehicle Engineering’s Dessau branch celebrates its ten-year anniversary

HÖRMANN Vehicle Engineering’s Dessau branch celebrates its ten-year anniversary

This year, HÖRMANN Vehicle Engineering’s branch in Dessau is celebrating its tenth anniversary. The branch, then named Voith Engineering Services GmbH, was established in Dessau, historically a hub for the manufacture of rolling stock, on 1 October 2010. When it was first set up, the team consisted of a total of ten employees. There are currently 16 engineers and technicians working at the site.

HÖRMANN’s mittendrin magazine focusing on times of change

HÖRMANN’s mittendrin magazine focusing on times of change

The first issue, for which the cover story is entitled ‘Times of change’, looks back on 65 years of company history and, alongside the new brand identity and plenty of news and articles about innovations, explores the extraordinary capacity of our employees to keep the HÖRMANN Group in a constant state of renewal and thus to work together to determine what the future will look like.

HÖRMANN Kommunikation & Netze upgrades 110-kilovolt cables

HÖRMANN Kommunikation & Netze upgrades 110-kilovolt cables

In 2019, HÖRMANN Kommunikation & Netze carried out modernisation work on two 110-kilovolt cables in the Frankenthal area on behalf of Pfalzwerke Netz AG. The company’s work to replace pylons and conductors met with glowing feedback. As a result, it was invited in late 2019 to submit a tender for further projects in 2020, to be divided into three lots. HÖRMANN Kommunikation & Netze was given the contract for lot 2, with the range of services involved increasing considerably following initial talks.

HÖRMANN Industries publishes half-year financial statements for 2020

HÖRMANN Industries publishes half-year financial statements for 2020

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number: A2TSCH) today published its consolidated interim report for the first half of 2020. Sales declined from EUR 299.0 million in the previous year to EUR 234.2 million in the first six months. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to EUR 6.2 million in the reporting period (previous year: EUR 14.4 million) and operating EBIT amounted to EUR  0.4 million (previous year: EUR 8.7 million). The first half of 2020 closed with consolidated net income of EUR -4.5 million (previous year: EUR 4.2 million).

HÖRMANN Rawema demonstrates test workshop for Industry 4.0

HÖRMANN Rawema GmbH, a HÖRMANN Group company, created a development location almost two years ago with its showroom, a test workshop for Industry 4.0 in Chemnitz. The test workshop allows the challenges and opportunities of Industry 4.0 to be formulated, demonstrated and analysed. At the request of the curator of the MaschinenBoom exhibition, an additional experience has been created as part of these activities: “Depicting and optimising material flow systems is one of the key tasks of factory planning. With our digital factory planning table, we have created a cyber-physical system that allows users to experience the systems intuitively,” says innovation manager Benjamin Bielefeld, Head of Research & Development at HÖRMANN Rawema.

HÖRMANN Logistik is an innovation champion among TOP 100 companies

HÖRMANN Logistik is an innovation champion among TOP 100 companies

Since 1987, HÖRMANN Logistik has been absolutely dedicated to designing and implementing automated high-bay warehouses, small-parts warehouses and the associated conveyor and handling systems in all kinds of industries. Innovative ideas, ground-breaking technology and the personal touch when it comes to service have been every bit as much a part of the company’s customised designs as its tailor-made HiLIS (Hörmann Intralogistics System) warehouse management system. The Munich-based company has now been recognised for its innovative excellence with a TOP 100 innovation award in the category for companies with 51 to 200 employees in recognition of its ‘top management that encourages innovation’.

HÖRMANN Gruppe veröffentlicht Geschäftsbericht 2019

HÖRMANN Gruppe veröffentlicht Geschäftsbericht 2019

Die HÖRMANN Industries GmbH (Unternehmensanleihe, WKN: A2TSCH) hat heute ihren Jahresabschluss 2019 veröffentlicht. Im Geschäftsjahr 2019 wurde mit 622,2 Mio. € ein Umsatz auf Vorjahresniveau erwirtschaftet (Vorjahr: 624,1 Mio. €). Die Gesamtleistung verringerte sich von 675,1 Mio. € in 2018 um 33,9 Mio. € oder 5,0 % auf 641,2 Mio. €, was vor allem durch die zum 1. April 2019 erfolgte Entkonsolidierung der HÖRMANN Automotive Penzberg GmbH und einem gegenüber 2018 geringeren Bestandsaufbau bedingt ist. Das Ergebnis vor Zinsen, Steuern und Abschreibungen (EBITDA) lag bei 35,6 Mio. € (Vorjahr: 41,8 Mio. €), das operative Ergebnis vor Zinsen und Steuern (EBIT) belief sich auf 28,3 Mio. € (Vorjahr: 30,5 Mio. €), das EBIT einschließlich Sondereffekte erreichte 23,7 Mio. € (Vorjahr: 25,1 Mio. €). Das Geschäftsjahr 2019 schloss mit einem Konzernjahresüberschuss von 9,9 Mio. € (Vorjahr: 14,6 Mio. €). Die Umsatzprognose wurde damit übertroffen, das Ergebnis liegt im Rahmen der Planung.

HÖRMANN Group takes part in IQ Innovationspreis Mitteldeutschland

HÖRMANN Group takes part in IQ Innovationspreis Mitteldeutschland

HÖRMANN Automotive GmbH and HÖRMANN Vehicle Engineering GmbH have put themselves forward as candidates for the IQ Innovationspreis Mitteldeutschland cluster innovation awards with their novel integral chassis concept. The Innovationspreis rewards innovative and market-ready products, methods and services.

Light commercial vehicles can vary widely owing to the extremely broad range of applications for which they are used, which currently means costly conversion processes requiring a lot of tools. In addition, mass-produced electric light commercial vehicles are often based on conventional platforms designed for internal combustion engines. This wastes precious space because these vehicles are not systematically designed with the use of alternative drive systems in mind.

HÖRMANN Services offers reliability and perfect timing for transport through series production

HÖRMANN Services offers reliability and perfect timing for transport through series production

TEASER: Reliably transporting components from station to station at the right times is extremely important in maximising the efficiency of highly automated production lines. NTN Antriebstechnik GmbH, based in the town of Gardelegen, contracted HÖRMANN Automationsservices GmbH to link up the various workstations on two new production lines for the assembly of cars with internal combustion engines.

HÖRMANN Logistik now serving a wider area with AutoStore marketing

HÖRMANN Logistik now serving a wider area with AutoStore marketing

HÖRMANN Logistik first became an official distributor of the innovative AutoStore small-parts warehouse system in 2013. Since then, numerous AutoStore systems have been implemented in a wide range of industries. HÖRMANN Logistik is also the first AutoStore partner to have implemented a system with the latest Black Line robot technology. The AutoStore business is receiving assistance with the latest addition to the distribution segment from subsidiary Klatt Fördertechnik GmbH, based in the Austrian town of Neumarkt am Wallersee.

HÖRMANN Services offers automation of assembly lines for electric cars

HÖRMANN Services offers automation of assembly lines for electric cars

In the 2019 financial year, HÖRMANN Services took on the complete handling of the automation of an assembly line for electric cars, from planning to installation and commissioning of the entire fluid supply installation at an OEM’s assembly facility.

HÖRMANN Vehicle Engineering presents an innovative concept for RoLa

HÖRMANN Vehicle Engineering GmbH, a HÖRMANN Group company, presented an innovative carrying wagon concept for the rolling highway at the TRAKO conference in the Polish city of Gdansk. TRAKO is the largest rail vehicle exhibition fair after InnoTrans and focuses on Eastern Europe. Exhibitors showcase modern transport systems and major future investments in the sector.

HÖRMANN Group publishes half-year financial statements for 2019

HÖRMANN Industries GmbH (corporate bonds, WKN: A2TSCH and A2AAZG) today published its consolidated interim financial statements for the first half of 2019. Sales increased by 4.1% year-on-year to EUR 299.0 million in the first six months of 2019 (H1 2018: EUR 287.1 million). Earnings before interest and taxes (EBIT**) rose by 10.1% to EUR 8.7 million (H1 2018: EUR 7.9 million). Consolidated net income was largely unchanged year-on-year at EUR 4.2 million (H1 2018: EUR 4.3 million).

There are currently no directors' dealings announcements available.

HÖRMANN Group develops lightweight chassis for flexible logistics applications

HÖRMANN Group develops lightweight chassis for flexible logistics applications

HÖRMANN Vehicle Engineering, a HÖRMANN Group company, has developed a modular chassis on behalf of SBB Cargo that can be used flexibly for various transport applications and superstructures with higher payloads. ‘Thanks to our extensive manufacturing expertise, we were able to bring the lightweight structural construction principles of commercial vehicles to the railways, allowing us to use a more economical production process,’ commented Mike Juntke, project manager at HÖRMANN Vehicle Engineering. This was achieved by leveraging synergies within the HÖRMANN Group, consisting of product development on the one hand (HÖRMANN Vehicle Engineering GmbH) and production-orientated product design on the other (HÖRMANN Automotive Gustavsburg GmbH).

HÖRMANN Group reinforces Communication division

HÖRMANN Group reinforces Communication division

HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2TSCH / ISIN: NO0010851728), based in Kirchseeon near Munich, is pressing ahead with the strategic reorientation of the Group and opening up new potential for the future development of its Communication division.

Funkwerk acquires equity interest in euromicron

Funkwerk AG (German Securities Code Number (WKN): 575314), an equity investment of Hörmann Industries GmbH (corporate bonds, WKN: A2AAZG and WKN: A2TSCH), today concluded an investor agreement with euromicron AG (WKN A1K030) on the subscription of up to around 28% of the shares of euromicron AG. The shares will be issued in two tranches in the form of cash capital increases. The subscription price was set at EUR 3.40 per share. The first tranche, amounting to 10% of the current share capital, will be acquired by Funkwerk AG in the form of a private placement with shareholders’ pre-emptive subscription rights disapplied. The second tranche will be acquired through the exercise of pre-emptive subscription rights and the subscription of the shares not subscribed by the existing shareholders of euromicron AG. The acquisition of the second tranche of shares will be completed following anti-trust approval in the Federal Republic of Germany and in Austria, which is expected around mid-August 2019. The total cost of the transaction for Funkwerk will be a maximum of around EUR 10.3 million.