HOMAG Group gets off to a good start in 2015
Sales revenue climbs 24 percent in the first quarter of 2015 | Earnings indicators significantly improved | Forecast for 2015 confirmed
|EUR million||Q1 2015||Q1 2014|
|Net profit for the period (after non-controlling interests)||4.1||2.5|
* New calculation method: Order intake and order backlog now also comprise the merchandise of sales companies and their margins.
**Before expenses from employee profit participation
HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers increased its sales revenue in the first quarter of 2015 by 24 percent to EUR 254.3 million (prior year: EUR 204.8 million). Order intake at the Dürr Group affiliate increased by a good 10 percent to EUR 287.2 million (prior year: EUR 260.0 million), while order backlog rose to EUR 354.1 million as of March 31, 2015 (prior year: EUR 294.0 million).
“We remain on our growth trajectory at the start of 2015,” says CEO Ralph Heuwing as he summarizes the first three months of 2015. “We were especially successful in the system business with networked production and high levels of automation, an area that is gaining in importance.”
“And, in particular, we were also able to increase our earnings indicators proportionately faster in the process, thereby raising our profitability further,” CFO Franz Peter Matheis adds. The HOMAG Group's EBITDA before employee profit participation expenses rose by about 50 percent to EUR 22.6 million in the first quarter of 2015 (prior year: EUR 15.0 million), and EBIT after employee profit participation expenses more than doubled to EUR 11.5 million (prior year: EUR 5.6 million). At the same time, the HOMAG Group was able to increase its net profit for the period after non-controlling interests to EUR 4.1 million (prior year: EUR 2.5 million). Headcount in the Group increased to 5,668 employees as of March 31, 2015 (prior year: 5,410 employees).
The HOMAG Group has confirmed its forecast for 2015 and expects an order intake ranging between EUR 940 million and EUR 960 million. Looking at consolidated sales revenue, the company aims to generate between EUR 950 million and EUR 970 million, and increase EBITDA before employee profit participation expenses to between EUR 92 million and EUR 94 million. A consolidated net profit of between EUR 31 million and EUR 33 million is expected.
“We had a good start to the year and also anticipate a good performance at LIGNA, the world’s leading trade fair for our industry, which is currently being held in Hanover,” Heuwing looks ahead with optimism. The HOMAG Group is taking part in the event as a market leader in the innovative topic of industry 4.0. It is demonstrating live in action a fully linked and fully automated networked furniture production line stretching more than 100 meters. Yet again, the HOMAG Group is thereby setting standards in the woodworking industry. Under the slogan “Growing with the HOMAG Group”, a total of more than 60 machines will be presented on about 6,000 m² of exhibition space to cabinet makers and the woodworking industry.
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.
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