GERMANY – For the first half of 2021, the Homag Group has reported a new record level of orders, which is substantially above the previous peak figure.
Compared to the first half year of 2020, which was marked by the effects of the pandemic, order intake at the Homag Group was up substantially by 80 percent, increasing to € 887 million (previous year: € 493 million). The company thus exceeded its previous record level of € 734 million, achieved in 2017, by around 20 percent. Sales increased by 19 percent to € 657 million (previous year: € 552 million), while orders on hand also reached an all-time high of € 844 million on June 30, 2021 (June 30, 2020: € 480 million). The Homag Group improved its operating EBIT to € 39.6 million (previous year: € 10.7 million).
“We are at the beginning of a new investment cycle. Plus, our customers around the world are benefiting from the fact that people are increasingly investing in their living spaces,” highlights CEO Ralf W. Dieter. “This, in turn, leads to dynamic demand for efficient machines, like the ones used for producing kitchens and furniture – and these innovative solutions are what we are offering our customers.” The stand-alone machine business, along with the service business, saw a particularly positive development at the Homag Group in the first six months of 2021.
“We are particularly pleased that our investments in the new solid wood segment are already paying off,” explains Dr. Daniel Schmitt, responsible for this area on the Board of Management. “We are observing a rise in demand for sustainable and climate-friendly timber houses, which is working in our favor.”
As at June 30, 2021, the Homag Group had 7,113 employees (June 30, 2020: 6,498). Around 620 employees joined through the acquisition of the companies HOMAG China Golden Field, and System TM and Kallesoe in Denmark.
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