Record order intake in the first quarter of 2022
HOMAG Group off to a good start in 2022
Schopfloch, May 03, 2022. In the first quarter of 2022, the HOMAG Group was able to further improve its order intake, sales and earnings. The company was particularly successful in China and North America.
In the first three months of 2022, the HOMAG Group’s order intake increased by 30 percent to EUR 574 million (previous year: EUR 440 million), thus reaching a new quarterly record. Sales improved by 21 percent to EUR 367 million (previous year: 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 (previous year: 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.”
Company Background
The HOMAG Group is the world's leading provider of integrated solutions for production in the woodworking industry and woodworking shops. Its 14 specialized production sites, about 20 Group-owned sales and service companies and approximately 60 exclusive sales partners worldwide make the company a unique system provider. Backed by a workforce of some 7,000 employees the HOMAG Group offers its customers solutions for digitized production, based on digital data continuity from point of sale through the entire production process, combined with a comprehensive software suite. In addition, the open ecosystem "tapio" (open Internet-of-Things platform) maps the data flow along the entire value chain of the timber industry. The HOMAG Group has been majority-owned by the Dürr Group since October 2014.
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.