DGAP-Ad-hoc: Hörmann Industries GmbH / Key word(s): Change in Forecast/Half Year Results
HÖRMANN Industries GmbH increases sales, total output and earnings in the first half of 2021 and raises forecast for the current fiscal year 2021
Earnings before interest and taxes (EBIT) for the full year are now expected to be in a range of € 26 million to € 28 million. Previously, an EBIT of around € 20 million had been forecast. With regard to the HÖRMANN Group's sales, the management expects a range between € 600 million and € 620 million (previous forecast: € 540 million to € 560 million).
Based on preliminary, unaudited figures, sales of HÖRMANN Industries GmbH in the first six months of 2021 increased by around 26.5% year-on-year to approximately € 296.3 million (H1 2021: € 234,2 million). Of the increase in sales, around € 15 million is attributable to material price effects not affecting earnings. With total output of around € 315.6 million, up around 36.3% on the prior-year period (H1 2021: € 231.5 million), earnings before interest and taxes improved from € -0.4 million in the prior-year period to around € 13.8 million.
The Group's forecasts for the expected course of business are based on the assumption that the overall economic situation in Germany and the euro zone will continue to recover in line with economic forecasts. However, any negative macroeconomic developments beyond this, such as a renewed shutdown of the economy or of individual key customers, may cause the actual results for fiscal year 2021 to differ from the forecast figures.
The interim consolidated financial statements for the period from 1 January to 30 June 2021 will be published at https://www.hoermann-gruppe.com/en/investor-relations/financial-reports/financial-reports on 31 August 2021.
10-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
1225241 10-Aug-2021 CET/CEST