Homag Group raises sales revenue forecast for 2010

Germany (Notifix).-The continuing good level of capacity utilization at Homag Group AG, the leading global manufacturer of machinery for the woodworking industry resulted in a positive second quarter of 2010. The fact that sales revenue rose by just under 50 percent to EUR 181 million (prior year: EUR 122 million) is a clear demonstration of this upward trend.The company, which is listed on the SDAX share index, also saw a significant rise in order intake for its own machines to EUR 134 million (prior year: EUR 101 million) and a corresponding increase in its order backlog to EUR 200 million (prior year: EUR 161 million).CEO Rolf Knoll attributes the improvement in the order situation to a return to increasing demand for flexible, high-performance production systems, innovative products as well as to the HOMAG Group?s global presence, especially in the important growth markets in Asia and South America. "The second quarter confirmed that we have recovered quickly and sustainably from the massive setback caused by the economic crisis and have returned to the course for success," Mr. Knoll said.

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