HOMAG Group increases net profit for the year by 45 percent
Order intake grows by 5 percent in 2013 | Operative EBITDA increases at a higher rate | Sales revenue up against the market trend
The HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and cabinet makers, increased sales revenue and order intake and in particular considerably raised net profit for the fiscal year 2013. According to the preliminary figures, the Group’s order intake was up by 5.1 percent, reaching EUR 605.0 million (prior year: EUR 575.8 million). Against a backdrop of a slightly contracting market, the HOMAG Group was able to increase sales revenue by 2.9 percent to EUR 788.8 million (prior year: EUR 767.0 million).
“We look back at a successful fiscal year 2013. We were able to raise order intake thanks to our winning over customers with our innovations,” says Dr. Markus Flik, CEO. “Particularly pleasing was the positive development of our results of operations. Our measures to increase efficiency are taking effect. We remain on course for profitable growth.”
Outpacing sales revenue growth, operative EBITDA before employee participation expenses and before extraordinary expenses of the HOMAG Group was up 6.6 percent to EUR 75.8 million (prior year: EUR 71.0 million). The Group was even able to increase the net profit by 45 percent to EUR 18.4 million (prior year: EUR 12.7 million) and thus considerably exceeded their forecast of EUR 15 million.
According to Hans-Dieter Schumacher, CFO, further evidence for the successful fiscal year is the significant reduction of net liabilities to banks from EUR 89.5 million to EUR 69.2 million. “We also further increased our equity ratio to 32.7 percent (prior year: 30.6 percent),” Schumacher explains.
The detailed results of the fiscal year 2013 of HOMAG Group AG and an updated forecast for 2014 will be published at our annual press conference scheduled for March 27, 2014 in Stuttgart.
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 announcement, it cannot be guaranteed that the same will hold true in the future.