Building a successful future as ONE HOMAG
Growth and optimization program launched | Focus on new organizational structure, streamlining processes and even stronger customer orientation
The HOMAG Group intends to further enhance its performance under the guiding principle of ONE HOMAG. Organizational structures and processes are being refined and simplified. Further enhancements to collaboration with customers are a focal point of the initiative. “With this program, we want to bring the HOMAG Group to its full potential. We plan to generate sales revenue of EUR 1.25 billion and achieve an EBIT margin of 8 to 10% by 2020,” explains CEO Ralph Heuwing.
The worldwide business with plant and machinery will be managed in five global Business Units. In addition, there will be two Business Units responsible for the project business and the service business worldwide. All the Business Units have access to a global sales organization and are supported by high-performing central functions for finance, HR and IT. “Our aim is to establish clearly defined responsibilities and reduce complexity,” stresses Pekka Paasivaara who, together with Ralph Heuwing, will jointly head up the business of the HOMAG Group, with immediate effect. “By so doing, we will ensure our competitiveness and get ourselves fit for the challenges of the future.”
The senior executives of the HOMAG Group see growth opportunities not only in Asia and the USA, but also in the service and project business. At the same time, customer and market demands are also increasing. For example, quick delivery times and a competent global service continue to grow in significance.
According to Heuwing and Paasivaara, ONE HOMAG, which is to be implemented by the end of 2015, is not about reducing headcount. All locations will be given sustainable development prospects, and there will be no redundancies as result of the measures. The group works’ council of the HOMAG Group also welcomes the project.
Disclaimer
This press release contains certain statements relating to the future. Futureoriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.