HOMAG Group exceeds earnings forecasts
Profitability increased | Net profit reached EUR 12.7 million | Order intake in 2012 outperformed the relevant market
HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers, fulfilled or exceeded its forecasts for the fiscal year 2012. At EUR 575.8 million, order intake was slightly above the prior-year level (EUR 574.8 million) according to the preliminary figures. With sales revenue of EUR 767.0 million (prior year: EUR 798.7 million), the HOMAG Group exceeded its forecast of more than EUR 750 million. If the sales revenue figures for 2011 and 2012 are each adjusted for the special effects from the large-scale project for the customer Mekran (2011: EUR 49.4 million; 2012: EUR 10.0 million), sales revenue increased slightly by 1 percent in 2012.
“We achieved all of our goals in 2012 and outperformed the relevant market in terms of order intake,” CEO Dr. Markus Flik emphasizes. “We see the fact that we were able to achieve such a good order intake, in spite of the difficult conditions, as a clear vote of confidence from our customers in our products and in our team’s performance”, Flik continues.
The Group’s earnings situation developed better than forecast. Operative EBITDA before employee participation expenses and before extraordinary expenses stood at EUR 71.0 million (prior year: EUR 70.5 million), such that the operative EBITDA margin increased from 8.8 to 9.3 percent. In the past fiscal year, the HOMAG Group generated a significant net profit of EUR 12.7 million (prior year: net loss of EUR 4.7 million).
CFO Hans-Dieter Schumacher sees in the earnings figures proof that the measures taken in the Group to increase efficiency are taking effect. “We have further improved our operating performance. The results confirm that we are on the right track.”
The detailed results of the fiscal year 2012 of HOMAG Group AG and an updated forecast for 2013 will be published at the press conference on the annual results scheduled for March 28, 2013 in Stuttgart.
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 announcement, it cannot be guaranteed that the same will hold true in the future.