HOMAG Group remains on track
Order intake and sales revenue increase by more than 10 % in the second quarter of 2015 First half of the year shows a considerable rise in earnings Implementation of the FOCUS optimization program successfully initiated Guidance for 2015 confirmed
|EUR million||Q2 2015||Q2 2014||H1 2015||H1 2014|
|Net profit for the period (after non-controlling interests)||6.5||4.9||10.6||7.4|
* New calculation method: Order intake and order backlog now also contain merchandise of production companies and their margins
Schopfloch, August 12, 2015. HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and cabinet makers, continued to develop well in the second quarter of 2015. The company belonging to the Dürr Group raised order intake by more than 10 percent between April and June 2015 to EUR 270.2 million (prior year: EUR 243.5 million). Sales revenue also rose by a good 10 percent to EUR 249.8 million (prior year: EUR 225.8 million) and order backlog rose accordingly to EUR 371.5 million as of June 30, 2015 (prior year: EUR 323.7 million).
“The success at LIGNA, the world’s leading trade fair for our industry, in Hanover and the favorable development of currencies have contributed to us continuing on our course for growth in the second quarter of 2015,” emphasizes CEO Pekka Paasivaara.
The HOMAG Group’s earnings also improved between April and June 2015, although there were some special effects. Both the costs of LIGNA as well as the non-recurring expenses relating to the termination of the employee profit participation program burdened earnings. Despite these effects, EBIT rose to EUR 9.6 million (prior year: EUR 8.9 million). The net profit for the period after non-controlling interests comes to EUR 6.5 million (prior year: EUR 4.9 million). The Group’s headcount increased to 5,730 employees as of June 30, 2015 (prior year: 5,450 employees). “With the FOCUS optimization program, the implementation of which has been successfully initiated, we want to further increase sales revenue and earnings in the coming years. The goal is to achieve an EBIT margin of 8-10 percent and generate sales revenue of EUR 1.25 billion by 2020,” explains Ralph Heuwing, co-CEO of HOMAG Group AG.
First six months of 2015
The HOMAG Group’s order intake improved by more than 10 percent to EUR 557.4 million in the first six months of 2015 according to the new calculation method (prior year (restated): EUR 503.6 million). Sales revenue rose by a good 17 percent to EUR 504.1 million (prior year: EUR 430.5 million). EBIT increased by 44 percent to EUR 21.0 million (prior year: EUR 14.6 million). The net profit for the period after non-controlling interests also increased by around 44 percent to EUR 10.6 million (prior year: EUR 7.4 million).
The HOMAG Group confirms its guidance for 2015 and anticipates order intake between EUR 940 million and EUR 960 million. The Group intends to generate sales revenue between EUR 950 million and EUR 970 million and raise EBIT to between EUR 53 million and EUR 55 million. The Group expects to return a net profit for the year ranging between EUR 31 million and EUR 33 million.
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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