Germany (Notifix).- In fiscal 2010, HOMAG Group AG made an excellent recovery from the effects of the economic crisis, with order intake and sales revenue rising substantially. The company believes the turnaround is sustainable, positive earnings and reduced liabilities to banks confirmed it. CEO Rolf Knoll feels that the HOMAG Group's global presence and the broad portfolio are the decisive factors behind this success. Based on preliminary figures, the global leader for plant and machinery for the woodworking industry, which is listed on the SDAX, saw its sales revenue for 2010 climb 37 percent to EUR 718 million (prior year: EUR 524 million). Order intake improved 31 percent to EUR 541 million (prior year: EUR 413 million), mainly on the back of the favorable development of the BRIC countries (particularly China and Brazil), which saw their share in the HOMAG Group's orders rise from 14 to 23 percent. Earnings were again burdened by an extraordinary restructuring expense of EUR 4.4 million (prior year: EUR 12.4 million). Before this extraordinary expense EBITDA rose to EUR 65.1 million (prior year: EUR 15.6 million). In addition, net liabilities to banks have decreased substantially to EUR 55.8 million as of year-end 2010, down almost EUR 40 million on the figure as of December 31, 2009 (EUR 94.6 million). Net liabilities to banks are thus at the lowest level in more than 20 years.