Uninterrupted growth in sales revenue at HOMAG Group

Figures for first half of 2016

H1 2016H1 2015
Order intakeEUR 551 millionEUR 557 million
Sales revenueEUR 527 millionEUR 504 million
Headcount (June 30)5,9835,780

 

 

The HOMAG Group, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers has seen its sales revenue grow in the first six months of 2016 by almost 5 percent to EUR 527 million (prior year: EUR 504 million). The Dürr Group majority-owned affiliate was able to almost match its record order intake of the prior year again, despite negative exchange rate effects, and reach EUR 551 million (prior year: EUR 557 million).

“Thanks to our global footprint, we have been able to compensate for weak markets in the current crisis regions with a favorable development of business in other regions. We did especially well in China and in central and western Europe,” CEO Pekka Paasivaara explains.

At the important industry trade shows HolzHandwerk in Nuremberg and XYLEXPO in Milan, the HOMAG Group presented compelling innovations to its customers. Among the innovations presented was a new CNC processing center with integrated security technology that makes it freely accessible from all sides. The focus was also on smart concepts for Industry 4.0 including standardized machine operation and end-to-end software covering all process steps – from sales to delivery of finished furniture.

As of June 30, 2016, the HOMAG Group had 5,983 employees (prior year: 5,780). 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.

The HOMAG Group expects to close 2016 with order intake and sales revenue up slightly, both within a corridor of EUR 1,000 million to EUR 1,100 million.


Disclaimer
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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