HOMAG Group reports successful first quarter
Schopfloch, May 11, 2017. HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers, made a good start to the fiscal year 2017 and further strengthen market position. The HOMAG Group was able to substantially increase order intake, sales revenues and earnings.
| Q1 2017 | Q2 2016 | |
|---|---|---|
| Order intake | EUR 401 million | EUR 306 million |
| Order backlog (March 2017) | EUR 520 million | EUR 373 million |
| Sales revenue | EUR 296 million | EUR 260 million |
| Operating EBIT | EUR 23.2 million | EUR 16.5 million |
| Employees (March 31) | 6,083 | 5,946 |
* including Trainees
In the first quarter of 2017, the HOMAG Group's sales revenue climbed 31 percent to EUR 401 million (prior year: EUR 306 million). Order backlog reached its highest level in the company's history with EUR 520 million as of March 31, 2017 (March 31, 2016: EUR 373 million) and sales revenue increased 14 percent to EUR 296 million (prior year: EUR 260 million). The operating EBIT climbed to EUR 23.2 million (prior year: EUR 16.5 million). As of March 31, 2017, the HOMAG Group had 6,083 employees (prior year: 5,946).
"We had an extraordinarily good first quarter," CEO Pekka Paasivaara emphasizes. "In all major regions, particularly in North America, Europe and China, we were able to increase our order intake substantially."
Pekka Paasivaara also looks to the remainder of the fiscal year with optimism, and he anticipates further impulses from the industry's leading trade fair LIGNA, which starts on May 22, 2017 in Hanover. "We are confident that our innovations are going to resonate extremely well with customers there. In addition, we are presenting "tapio", a powerful IoT-platform for the wood processing sector at LIGNA. This signals our entry to the second stage of Industry 4.0. And we are not stopping there: our aim is to lead the entire market into the digital future. Due to the growing individualization, the complexity in the production process and the corresponding data volumes of our customers are constantly increasing. Therefore, they want to work with the HOMAG Group as a partner, because we can master this complexity and deliver everything from a single source."
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.