HÖRMANN Industries Revises Sales and Earnings Forecast for 2024

Kirchseeon, 27 May 2024 - Hörmann Industries GmbH has revised its sales and earnings forecast for the financial year 2024. The company now anticipates sales between EUR 680 million and EUR 700 million, and EBIT between EUR 16 million and EUR 20 million. Previously, sales were forecasted at EUR 700 million to EUR 730 million, with EBIT ranging from EUR 22 million to EUR 24 million.

The adjustment stems from a 15% reduction in the 2024 production program announced by its primary customer. This unexpected decline is projected to significantly impact the Hörmann Automotive division, which is now expected to return to negative earnings after a turnaround in 2023.

The internal analysis highlights the substantial effect this reduction will have on the company's positively planned sales and earnings development for the year.