Earnings show upward trend in the first quarter

05/13/2025

Earnings show upward trend in the first quarter

Order intake and sales revenue of HOMAG Group at previous year’s level

Schopfloch, May 13, 2025. In the first quarter of 2025, the HOMAG Group’s order intake and sales were at approximately the same level as last year. Earnings improved thanks to cost reductions and a robust service business. There are still no signs of a market recovery at present.

The HOMAG Group’s order intake increased by four percent to EUR 391 million in the first three months of 2025 (previous year: EUR 377 million). “We recorded a slight upward trend in orders for individual machines,” explains CEO Dr. Daniel Schmitt. “However, the market situation remains challenging and we do not yet see a significant recovery.” The order backlog had decreased to EUR 814 million as of March 31, 2025 (March 31, 2024: EUR 871 million).

Sales decreased slightly compared to the previous year to EUR 335 million (previous year: EUR 347 million). EBIT before extraordinary effects increased by 25 percent to EUR 13.5 million (previous year: EUR 10.8 million). In addition to the cost savings resulting from the staff reductions completed in the previous year, the favorable development of the service business also had a positive impact in this regard. The number of employees was reduced to 6,665 as of March 31, 2025 (March 31, 2024: 7,097 employees).

Dr. Schmitt is optimistic about the world’s leading industry trade fair, LIGNA, which will be held in Hanover at the end of May: “At LIGNA, we will present our comprehensive portfolio, which is unique in the market, and underline our position as market and technology leader.”

Company Background
The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 13 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of around 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem "tapio" (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.

Disclaimer
This press release contains certain statements relating to the future. Future oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.