ALEMANIA - In the first three months of 2022 (1Q-2022), the Homag Group’s order intake increased by 30.4% to EUR 574 million (1Q-2021: EUR 440 million), thus reaching a new quarterly record.
Sales improved by 21.2% to EUR 367 million (1Q-2021: EUR 303 million), while the order backlog reached a new record of EUR 1,213 million as March 31, 2022 (March 31, 2021: EUR 718 million). The HOMAG Group almost doubled its EBIT before extraordinary effects to EUR 26.8 million (1Q-2021: EUR 13.5 million).
“Once again, we exceeded the previous year’s high order intake and achieved a new quarterly record,” emphasizes CEO Dr. Daniel Schmitt. “Our single machine business performed very well. We were particularly successful in the Chinese and North American markets.”
As of March 31, 2022, the company had 7,274 employees (December 31, 2021: 6,634). Roughly 120 employees joined the company for acquisition-related reasons. In addition, the Homag Group increased its workforce moderately as part of its growth strategy.
“A forecast for the rest of the year is not easy given the many economic and geopolitical uncertainties,” says Dr. Daniel Schmitt. “Nevertheless, we are confident that we can continue to improve sales and earnings in view of our high order backlog and the good first quarter, which testifies to customers’ high investment requirements. The high material prices and the recent pandemic-induced lockdowns in China are posing challenges, although we are able to address them successfully.”
The Homag Group is the world's leading provider of integrated solutions for production in the woodworking industry.
