HÖRMANN Industries Releases 2024 Financial Results Amid Challenges

HÖRMANN Industries GmbH has published its 2024 annual financial statements, reporting a sales decline to EUR 678.9 million from EUR 830.9 million the previous year. The challenging economic conditions heavily impacted the Automotive and Intralogistics divisions, counterbalanced by a robust performance in the Communication division. The earnings before interest, taxes, depreciation, and amortization (EBITDA) reached EUR 40.3 million, while earnings before interest and taxes (EBIT) stood at EUR 24.3 million.

For 2025, HÖRMANN forecasts sales between EUR 690 million and EUR 720 million. The Group anticipates stable performance from the Automotive division and expects 10% growth in the Communication sector. Despite the setbacks, strategic cost-cutting and investments have been crucial, ensuring long-term competitiveness and sustainability.