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.

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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

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   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
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1911719 27-May-2024 CET/CEST