Hormann Price Increases
Hormann introduces new price lists on Domestic Products from 1st April.
The result of the EU Referendum on June 23rd sent the value of Sterling into free-fall. The effect of this on Hormann’s bottom line was shocking and immediate yet they did nothing to directly address this, choosing to wait and hope that some stability returned and the value of the Sterling would improve.
We now have some stability, but at a Foreign Exchange rate which is simply not viable. In simple terms, everything that Hormann purchase from European factories, which is virtually everything they sell, is costing Hormann over 15% more than it did up to June last year.
For these reasons, Hormann has announced price increases on list prices on all domestic products by 9.9% from April 1st 2017. This includes general factory increases of 3.9% that were applied to all of Hormann’s purchases from 1st March. Hormann will continue to absorb additional costs.
We will have new price lists on the week commencing the 20th March detailing all changes and will send these to you for your reference.
Please order by 28th March to secure your products at the current list prices.
Thank you for your continued support of the Hormann brand and if you have any queries please do not hesitate to contact the Capital team;
Call 01293 652 470 or email firstname.lastname@example.org