GERMANY - HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers increased its sales revenue in the first quarter of 2015 by 24 percent to EUR 254.3 million (prior year: EUR 204.8 million).
Order intake at the Dürr Group affiliate increased by a good 10 percent to EUR 287.2 million (prior year: EUR 260.0 million).
“We remain on our growth trajectory at the start of 2015,” says CEO Ralph Heuwing as he summarizes the first three months of 2015. “We were especially successful in the system business with networked production and high levels of automation, an area that is gaining in importance.”
“And, in particular, we were also able to increase our earnings indicators proportionately faster in the process, thereby raising our profitability further,” CFO Franz Peter Matheis adds. The HOMAG Group's EBITDA before employee profit participation expenses rose by about 50 percent to EUR 22.6 million in the first quarter of 2015 (prior year: EUR 15.0 million). At the same time, the HOMAG Group was able to increase its net profit for the period to EUR 4.1 million (prior year: EUR 2.5 million). Headcount in the Group increased to 5,668 employees as of March 31, 2015 (prior year: 5,410 employees).
Homag Group Results January-March 1Q
Million EUR
Source: Quarterly Report
Homag Group Sales Distribution January-March 1Q
Million EUR
Source: Quarterly Report
