GERMANY – Homag Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and cabinet makers, continued to develop well in the second quarter of 2015. 

The company belonging to the Dürr Group raised order intake by more than 10 percent between April and June 2015 to EUR 270.2 million (prior year: EUR 243.5 million). Sales revenue also rose by a good 10 percent to EUR 249.8 million (prior year: EUR 225.8 million).

“The success at LIGNA, the world’s leading trade fair for our industry, in Hanover and the favorable development of currencies have contributed to us continuing on our course for growth in the second quarter of 2015,” emphasizes CEO Pekka Paasivaara.

The Homag Group’s earnings also improved between April and June 2015, although there were some special effects. Both the costs of LIGNA as well as the non-recurring expenses relating to the termination of the employee profit participation program burdened earnings. Despite these effects, EBIT rose to EUR 9.6 million (prior year: EUR 8.9 million). The net profit for the period comes to EUR 6.5 million (2014: EUR 4.9 million).  “With the FOCUS optimization program, the implementation of which has been successfully initiated, we want to further increase sales revenue and earnings in the coming years. The goal is to achieve an EBIT margin of 8-10 percent and generate sales revenue of EUR 1.25 billion by 2020,” explains Ralph Heuwing, co-CEO of HOMAG Group AG.

Homag Group Results April – June 2Q

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Homag Group Results January – June

Million EUR