HOMAG Group's sales revenue reaches billion mark
Figures for fiscal year 2015
|Order intake||EUR 1.058 million||EUR 911 million*|
|Sales revenue||EUR 1,039 million||EUR 915 million|
|Capital expenditure||EUR 30 million||EUR 33 million|
|Employees (Dec. 31)||5,906||5,659*|
*Adjusted to new calculation method
HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers, substantially raised its order intake and sales revenue in fiscal year 2015. The Dürr Group affiliate grew its order intake by roughly 16% to EUR 1,058 million in 2015 (prior year: EUR 911 million). For the first time in the company's history, sales revenue broke the billion mark, up almost 14% to EUR 1,039 million (prior year: EUR 915 million).
“In the past fiscal year, we were very successful in North America, but we were also able to grow in western Europe”, says CEO Pekka Paasivaara. “We have thus continued our growth path, and we have exceeded the billion euro sales threshold one year earlier than planned.”
At the industry's leading trade fair LIGNA and at the company's in-house exhibitions, the HOMAG Group showcased numerous innovations that were well received by customers. In the field of panel dividing technology, for instance, the company presented a unique innovation worldwide in the form of a dividing cell for bespoke cutting that is fully automated and efficient, yet extremely flexible. This allows a substantial increase in productivity. Targeting window manufacturing specifically, the company unveiled a new machine that can fully process all components, from arch elements and round windows through to doors and conservatory elements.
As of December 31, 2015, the HOMAG Group had 5,906 employees (prior year: 5,659). The company has expanded its headcount mainly at its overseas production companies in India and Poland as well as in its service and sales organization in the United States.
Looking at 2016, the HOMAG Group expects order intake and sales revenue to grow slightly and remain within the corridor of EUR 1,000 million to EUR 1,100 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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