HOMAG Group aims to reach the one billion euro mark in sales revenue in 2015
Double-digit growth in order intake and sales revenue in third quarter of 2015
HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers, has held its good course steady through the third quarter of 2015. The Dürr Group affiliate grew its order intake between July and September 2015 by about 11 percent to EUR 257.2 million (prior year: EUR 231.4 million). Sales revenue increased a good 12 percent to EUR 259.8 million (prior year: EUR 231.4 million).
In the first nine months of 2015, the HOMAG Group was able to boost its order intake by almost 11 percent to EUR 814.7 million (prior year: EUR 735.0 million) while sales revenue increased more than 15 percent to EUR 763.9 million (prior year: EUR 661.9 million). “Our performance in North America and Western Europe was particularly good,” CEO Pekka Paasivaara explains.
The HOMAG Group has revised its forecast for the full twelve months of 2015 upward, and now aims to break the one billion euro mark in both order intake and sales revenue (previous forecast: order intake of between EUR 940 and 960 million, sales revenue of between EUR 950 and 970 million). As Pekka Paasivaara points out: “This means that for the first time in the Company's 55-year history, we are looking to generate sales revenue of more than one billion euro.”
The HOMAG Group changed stock exchange segments in July 2015 and is since listed on the Entry Standard of the Open Market. Owing to the transparency requirements applicable in that segment, the Company no longer publishes reports for the first and third quarters, but instead issues a press release disclosing order intake and sales revenue only. In addition, the HOMAG Group exercises the exempting option of Sec. 291 HGB [“Handelsgesetzbuch”: German Commercial Code] and will no longer publish consolidated financial statements beginning in fiscal year 2015.
Disclaimer
This press release contains certain statements relating to the future. Future¬oriented 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.