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HOMAG Group responding to muted demand

capacity and boost efficiency Schopfloch, November 7, 2023. The HOMAG Group is responding to its significantly lower order intake in the first nine months of 2023 by adopting a package of measures. Just under [...] books in the fourth quarter of 2023. As a result, the HOMAG Group’s full-year earnings before tax and before profit transfer will fall short of the previous year in 2023. “The sharp decline in order receipts [...] extensive freeze on new recruitment. Disparate situation in the first nine months of 2023 Between January and September 2023, order intake decreased by 32 percent to EUR 968 million (previous year: EUR 1,418

HOMAG Group sales increase in the first quarter of 2023

Schopfloch, May 9, 2023. The HOMAG Group increased sales by 10 percent in the first quarter of 2023. As expected, order intake weakened in the first quarter of 2023 after two exceptionally strong years [...] intake in the first three months of 2023 is above the level of the subdued fourth quarter of 2022.” The order backlog decreased to EUR 1,036 million as of March 31, 2023 (March 31, 2022: EUR 1,213 million) [...] innovations that will be presented at the industry’s leading trade fair, LIGNA. As of March 31, 2023, the HOMAG Group had 7,570 employees (March 31, 2022: 7,274). “We are now very much looking forward to the

Package of measures adopted to boost efficiency and reduce capacity at HOMAG

EQS-Ad-hoc: Homag Group AG / Key word(s): Restructure of Company/Change in Forecast Homag Group AG: Package of measures adopted to boost efficiency and reduce capacity at HOMAG 07-Nov-2023 / 18:34 CET/CEST [...] solely responsible for the content of this announcement. HOMAG Group AG – SIN: 529720 / ISIN: DE0005297204 Schopfloch, November 7, 2023 — The HOMAG Group will be implementing a package of measures to enhance [...] expenses in the fourth quarter, HOMAG Group AG now expects lower earnings before tax and profit transfer in 2023. Prior to this, it had projected a slight increase. Contact: HOMAG Group AG Jens Fahlbusch Ko

First half of 2023 of the HOMAG Group: Increasing sales with decreasing order intake

Schopfloch, August 3, 2023. Following the very strong previous years, the HOMAG Group’s order intake declined in the first half of 2023. The company was, however, able to increase its sales. Order intake [...] decreased to EUR 930 million as of June 30, 2023 (June 30, 2022: EUR 1,269 million). As a result of the high order backlog at the beginning of the year, HOMAG Group sales rose to EUR 817 million in the [...] research and development costs were incurred for the LIGNA trade show in May. As of June 30, 2023, the HOMAG Group had 7,576 employees (June 30, 2022: 7,333). “We have adjusted to the more difficult market

Fiscal year 2023: High sales revenues with declining order intake

Schopfloch, February 27, 2024. The HOMAG Group was able to achieve high figures for sales and earnings before extraordinary effects in the 2023 fiscal year. However, the significant decline in order intake [...] investment in production technology for timber construction elements.” The HOMAG Group responded to this weak order intake in November 2023 with a package of measures to adjust capacity in order to avoid losses [...] demand that has persisted since the third quarter of 2022. According to preliminary figures, the HOMAG Group was again able to slightly increase its sales revenue to EUR 1,625 million (previous year: EUR

HOMAG Group with expected decline in sales and earnings in the first quarter of 2024

backlog decreased to EUR 871 million as of March 31, 2024 (3/31/2023: EUR 1,036 million). The weaker order intake in 2023 is reflected in the HOMAG Group’s sales performance in the first quarter of 2024. Sales [...] to adjust capacity and increase efficiency back in November 2023, which we are currently implementing. In this way, we are making the HOMAG Group fit for the future and intend to return to profitable growth [...] Schopfloch, May 14, 2024. The HOMAG Group’s sales and earnings declined in the first quarter of 2024. This was due to the significant drop in demand last year. “Business development in the first three

tapio – Joint applications solve real customer problems

with the partners HOMAG, Leuco, AKE, Agefa, Kanefusa, Aigner, Rehau, Ostermann, Egger, SmartWOP, Borm, IMOS and iX, tapio will be presenting data-driven applications live on the HOMAG stand in a specially [...] real use cases together with your business partners, to solve real customer problems together. In 2023, tapio will once again be presenting itself at LIGNA as a strong partner for the digital networking [...] for the first time as an application for tools and materials. Since then, a lot has developed and 2023 now shows a real end-to-end closed circuit for the first time. Digital twins of tools and materials

Business figures for the first nine months of 2024: Slight increase in order intake at low level

Schopfloch, November 7, 2024. Following the sharp decline in 2023, the HOMAG Group’s order intake increased again slightly in the first nine months of 2024. Sales and earnings decreased as expected. “Even [...] service company have no longer been allocated to the HOMAG Group but to the parent company Dürr since the beginning of 2024. Company Background The HOMAG Group is the world's leading provider of integrated [...] somewhat better and the service business is growing slightly despite the difficult environment.” The HOMAG Group’s order intake increased slightly by six percent to EUR 1,031 million (previous year: EUR 968

HOMAG Group achieves targets in a difficult market environment

measures, the number of employees has decreased from 7,482 as of September 30, 2023, to 6,802 as of December 31, 2024 (12/31/2023: 7.348). EBIT before extraordinary effects decreased to EUR 50.8 million (previous [...] Cost-cutting measures prove effective in the 2024 fiscal year Schopfloch, March 6, 2025. The HOMAG Group achieved its targets in 2024 in a difficult market environment. Order intake stabilized at the previous [...] reductions and a robust service business contributed to this. According to preliminary figures, the HOMAG Group’s order intake of EUR 1,357 million in the 2024 fiscal year almost matched the previous year’s

HOMAG Group continues to feel market weakness in the first half of 2024

The HOMAG Group continues to feel the effects of the customers’ reluctance to invest. Sales and earnings decreased in the first half of 2024. The job cuts in Germany announced at the end of 2023 could [...] cut fixed costs by EUR 25 million; from 2025, the HOMAG Group expects to realize the full savings effect of EUR 50 million. Company Background The HOMAG Group is the world's leading provider of integrated [...] reflected above all in the low level of single machine business.” In the first six months of 2024, the HOMAG Group’s order intake increased only slightly by four percent to EUR 699 million compared to the low