GERMANY – Homag Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers, has held its good course steady through the third quarter of 2015.

The Dürr Group affiliate grew its order intake between July and September 2015 by about 11 percent to EUR 257.2 million (prior year: EUR 231.4 million). Sales revenue increased a good 12 percent to EUR 259.8 million (prior year: EUR 231.4 million).

In the first nine months of 2015, the Homag Group was able to boost its order intake by almost 11 percent to EUR 814.7 million (prior year: EUR 735.0 million) while sales revenue increased more than 15 percent to EUR 763.9 million (prior year: EUR 661.9 million). “Our performance in North America and Western Europe was particularly good,” CEO Pekka Paasivaara explains.

The Homag Group has revised its forecast for the full twelve months of 2015 upward, and now aims to break the one billion euro mark in both order intake and sales revenue (previous forecast: order intake of between EUR 940 and 960 million, sales revenue of between EUR 950 and 970 million). As Pekka Paasivaara points out: “This means that for the first time in the Company’s 55-year history, we are looking to generate sales revenue of more than one billion euro.”

Homag Group Sales

Millions EUR

Homag Group Order Intake

Millions EUR