HOMAG Group continues to grow
Schopfloch, November 8, 2017. In the first nine month of 2017, the HOMAG Group, the world's leading manufacturer of machines and systems for the woodworking industry and trade, continued its positive performance and recorded significant increases, especially in incoming orders and earnings.
|Q1-Q3 2017||Q1-Q3 2016|
|Incoming orders||€ 1,079 million||€ 858 million|
|Order backlog (September 30)||€ 578 million||€ 381 million|
|Sales||€ 901 million||€ 804 million|
|Operating EBIT||€ 71.1 million||€ 49.6 million|
|Employees (September 30)*||6,316||6,072|
The HOMAG Group's incoming orders rose by 26 percent to € 1,079 million (previous year: € 858 million). On September 30, 2017, it recorded an order backlog of € 578 million (September 30, 2016: € 381 million), while sales were up 12 percent, reaching € 901 million (previous year: € 804 million). Operating EBIT rose by 47 percent to € 71.1 million (previous year: € 49.6 million). As at September 30, 2017, the HOMAG Group had 6,316 employees (previous year: 6,072 employees).
"We are still seeing a high level of demand for our solutions", highlights CEO Pekka Paasivaara. "And we are successful in all regions around the world." CFO Franz Peter Matheis sees the disproportionately strong increase in earnings as a validation of the measures taken to achieve efficiency gains. "We have standardized and optimized our processes and systems and made our production more efficient. Although we have already achieved a lot, we want to keep on getting better. This is why we have initiated a comprehensive Operational Excellence Program."
Paasivaara expects further growth, mainly as a result of the customer trend toward digitization and automation. By offering end-to-end solutions, the HOMAG Group sees itself as a long-term partner to its customers. With this in mind, the HOMAG Group expects 2017 to be a successful year overall, and it remains confident for 2018, not least given the high order backlog.
This press release contains certain statements relating to the future. Futureoriented 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.
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