GERMANY (Notifix).- Germany's Homag Group AG did not reach its results targets in the second quarter of 2011 and is therefore adjusting its projected results for the whole of 2011 downward. "This is a consequence of unplanned, high personnel costs in connection with customer projects and foreseeable repercussions from increases in the cost of materials. In addition, the ongoing restructuring at three subsidiaries (Buetfering, Friz and Torwegge) is expected to cause a greater expense than initially anticipated, placing a burden on the effective tax rate." Homag stated in a press release.