GERMANY - HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and cabinet makers, aims to grow further and in particular significantly raise net profit for the fiscal year 2015.

According to the recently published forecast, the company belonging to the Dürr Group anticipates an increase in net profit for the year of around 70 percent to between EUR 31 million and EUR 33 million (prior year: EUR 18.9 million). CEO Ralph Heuwing explains the significant increase forecast: “In the current fiscal year we aim to further enhance operative earning power. Furthermore, we anticipate considerably lower extraordinary expenses, as, among other things, the negative effects arising from the Stiles acquisition, have for the most part been accounted for in the 2014 result.”

The HOMAG Group expects to increase order intake to between EUR 830 million and EUR 850 million (prior year: EUR 802.6 million) and sales revenue to between EUR 950 million and EUR 970 million (prior year: EUR 914.8 million). Operative EBITDA before employee profit participation expenses and before extraordinary expenses is expected to increase to between EUR 95 million and EUR 97 million (prior year: EUR 93.2 million). In these forecasts, the management board does not expect the economic environment to deteriorate significantly. 

Homag Group Sales Evolution

Source: Homag

Woodworking Machinery Global Marketshare

Source: Homag