29 May 2017
The HOMAG Group, the world's leading manufacturer of machinery & systems, continued to grow in the 2016 financial year
The company increased its incoming orders in 2016 by around 10 percent to € 1,165 million (previous year: € 1,058 million). Sales revenue were up by a good 4 percent, reaching € 1,082 million (previous year: € 1,039 million). Operating EBIT rose by 13 percent to € 71 million (previous year: € 63 million) and thus at a faster rate than sales revenue. As at December 31, 2016, the HOMAG Group had 6,126 employees (previous year: 5,906).
"We were very successful in the last financial year, especially in China, Central Europe and North America", explains CEO Pekka Paasivaara. "Our good business performance, with incoming orders growing at a double-digit rate, is all the more remarkable given the extensive change process we underwent in 2016. As the leading provider of solutions for the woodworking industry, we are well positioned for our expected future growth, and we want to continue to increase our market share. We made excellent progress throughout this change process, which is also reflected in our increased profitability", emphasizes Paasivaara. "In addition, our R&D ratio was over four percent, which is considerably above the industry average. We want to maintain these high levels of investment in the development of new solutions to offer our customers ongoing innovations."
The Homag Group has also started the current financial year with dynamic, double-digit growth.
Pekka Paasivaara is optimistic about the LIGNA trade fair, which takes place in Hannover in May 2017: "Here, we will pull out all the stops as a market and technology leader and impress our customers with numerous innovations." The HOMAG Group plans to continue its growth trajectory in 2017 and expects another increase in order intake, sales revenue and earnings.
Company background With its 14 specialized production companies, 23 group sales and service companies and approximately 60 exclusive sales partners worldwide, the Homag Group‘s position as a complete system supplier is unique. Backed by a workforce of some 6,100 employees, the company sees itself as the leading global manufacturer of plant and machinery for the woodworking and wood materials processing industry and cabinet makers active in the production of furniture and construction elements as well as timber frame houses.
The Group also offers its customers a wide range of services as well as software and consulting services.
The Dürr Group has held a majority of the Homag Group since October 2014.
For further information contact Mr Jens Fahlbusch:
HOMAG Group AG
Homag Strasse 3–5
D-72296 SCHOPFLOCH / Germany
Ph. +49 7443 13-2796